Global Markets Pause Ahead of Beijing's Fiscal Announcements

Global stocks were stable on Friday as investors awaited fiscal stimulus updates from Beijing expected over the weekend. Wall Street showed slight declines, while European markets remained steady. Anticipated monetary easing from China, following U.S. rate cuts, could impact global economic sentiment and activity.

Global stocks remained largely stable on Friday as investors held back from aggressive trading, awaiting crucial fiscal stimulus news from Beijing expected over the weekend.

In the U.S., Wall Street futures saw slight declines, while European stock markets maintained their positions. Meanwhile, the MSCI's index of Asia-Pacific shares outside Japan concluded the week with a loss, following a four-week upwards trend.

The anticipation of China's monetary easing is a direct response to recent U.S. interest rate reductions, potentially influencing global economic sentiment and various sectors, from Australian mining to European luxury goods.

(With inputs from agencies.)