Fed Decisions and Global Market Reactions

Global shares rise as investors adjust portfolios before central bank meetings. The dollar hits multi-month highs amid expectations of a Fed rate cut. Traders forecast a 'hawkish cut' from the Fed and potential Nissan-Honda merger boosts car stocks. Oil prices up ahead of Fed's decision.

Global shares saw an upswing on Wednesday as investors made last-minute moves ahead of the year's final central bank meetings, driving the U.S. dollar to notch gains.

Market attention is riveted on the U.S. Federal Reserve, predicted to implement a quarter-point rate cut but signaling cautious policy relaxation in 2024.

Expectations of a 'hawkish cut' and rate levels revising to 4% see dollar and U.S. yields soaring, while auto giants Nissan and Honda's potential merger sends car stocks rising.

(With inputs from agencies.)