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Global Markets Rally on Strong Earnings and Rate Cuts

8/11/2025

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Story summary
  • European markets surged, buoyed by robust corporate earnings, with Italy’s FTSE MIB soaring 4.21%. Meanwhile, the Bank of England responded to labor market worries by slashing interest rates to 4%. In the U.S., markets rallied, driven by Apple’s staggering $100 billion investment, while Asian markets thrived on optimistic earnings and trade outlooks, especially in Japan and China.