Global Markets Surge Amid Political Upsets and Fed Moves

Global stock markets hit record highs due to optimism over U.S. interest rate cuts and corporate tax benefits under a potential Trump presidency. Meanwhile, political shifts in Germany and the UK influenced currency and bond markets, with investors monitoring central bank decisions across Europe.

In a day of significant financial shifts, global stock markets soared to unprecedented levels driven by the U.S. Federal Reserve's interest rate cut and the potential corporate tax benefits under a renewed Donald Trump presidency. Wall Street's major indices achieved consecutive record highs, causing ripples across international markets.

Amidst the upward momentum in stocks, bond markets showed volatility, reacting to the possibility of fiscal expansion in the U.S. that might further strain its high debt levels. Key central bank decisions in Europe and a tumultuous political scene in Germany added to market dynamics, as investors eyed the impact on currencies and interest rates.

European stocks benefitted from stimulus hopes while the dollar and euro experienced fluctuations due to geopolitical changes. Meanwhile, assets like gold and oil fluctuated, reflecting the ongoing uncertainty and broad investor sentiment across financial sectors worldwide.

(With inputs from agencies.)