Global Markets React to Federal Reserve's Rate Decisions

Global stocks slightly rose as investors awaited Federal Reserve's meeting minutes and inflation data for interest rate path hints. U.S. markets showed modest gains, while concerns over Big Tech dampened enthusiasm. Mixed economic signals keep investors cautious on future Fed rate cuts.

Global stocks experienced a modest rise on Wednesday as investors keenly awaited the Federal Reserve's meeting minutes and upcoming inflation data to gauge clues about the central bank's interest rate trajectory. These minutes are anticipated later in the afternoon.

While U.S. stocks rose slightly in early trading, gains were tempered by a notable drop in Alphabet's shares. The tech giant faces potential divestiture pressures from the U.S. Department of Justice. Equity strategist Ben Laidler pointed to the oversized influence of Big Tech on the broader market sentiment.

Despite the slight market gains, investor focus remains on the Federal Reserve's future rate decisions, influenced by last week's strong jobs report and the upcoming consumer price index data. Market participants currently predict a likely 25 basis point cut in the Fed's November meeting, while U.S. yields and currency markets saw varied movements amid global economic uncertainty.

(With inputs from agencies.)