Global markets saw a rise on Thursday following Wall Street's record-breaking performance fueled by the ongoing excitement surrounding artificial intelligence technology. European markets opened higher as investors anticipated a decision by the European Central Bank to cut its key interest rate from a record high of 4%. Major European indices such as France's CAC 40, Germany's DAX, and Britain's FTSE 100 all showed positive movements.
Asian markets also displayed mixed results with Tokyo's Nikkei 225 climbing, the Hang Seng in Hong Kong rising, and the Shanghai Composite index dropping. Australia's S&P/ASX 200 gained after a rebound in trading surplus, while Taiwan's Taiex surged despite some fluctuations in individual stock performances.
India's Sensex added value after Prime Minister Narendra Modi's coalition secured a majority in parliament, while Bangkok's SET experienced a slight decline. South Korea's markets were closed for a holiday during this period.
The previous day's performance on Wall Street saw the S&P 500 and Nasdaq composite reaching new highs, with the Dow Jones Industrial Average also making gains. Notably, Nvidia's market value surpassed $3 trillion for the first time, reflecting its significant role in the AI sector.
The retail industry in the U.S. faced challenges due to inflation, impacting lower-income households. Treasury yields fell following mixed economic data, with reports indicating growth in certain sectors but a slowdown in hiring by U.S. employers.
In the bond market, expectations of rate cuts by the Federal Reserve led to a decline in the 10-year Treasury yield. Crude oil prices saw an increase in both U.S. benchmark and Brent crude, while the U.S. dollar strengthened against the Japanese yen and the euro.
