Stocks Hover Near Peak on Bets Fed Will Cut Rates: Markets Wrap.

The article from Bloomberg.com discusses how the world's biggest stock market is near all-time highs following US jobs data that suggests a potential Federal Reserve rate cut in December. The S&P 500 is on track for its best annual gain since 2019, with swap traders pricing in easing at the Fed's upcoming meeting. While the labor market data nudges the Fed towards a rate cut, the decision hinges on next week's inflation report. Additionally, the article highlights corporate updates and market movements in stocks, currencies, cryptocurrencies, bonds, and commodities. [Extracted from the article]

Copyright of Bloomberg.com is the property of Bloomberg, L.P. and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)