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Global Markets Surge as Fed Rate Cut Looms

12/4/2025

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Summary

Story summary

Global shares rose and U.S. Treasury yields fell after data reinforced expectations of a Federal Reserve rate cut.
The Dow rose 0.86%, the S&P 500 gained 0.30%, and the Nasdaq fell 0.17%.
U.S. private employment dropped by 32,000 jobs, contrary to growth expectations.
Markets priced in an 89% probability of a Fed rate cut at the next meeting.
U.S. dollar weakened against currencies, and Brent crude settled at $62.67 per barrel.

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Story summary

Global shares rose and U.S. Treasury yields fell after data reinforced expectations of a Federal Reserve rate cut.
The Dow rose 0.86%, the S&P 500 gained 0.30%, and the Nasdaq fell 0.17%.
U.S. private employment dropped by 32,000 jobs, contrary to growth expectations.
Markets priced in an 89% probability of a Fed rate cut at the next meeting.
U.S. dollar weakened against currencies, and Brent crude settled at $62.67 per barrel.