Expectations of a US rate cut drive global markets higher
In oil markets, crude surged after the US said its navy had destroyed an Iranian drone in the Strait of Hormuz, a major chokepoint for global flows
London — Global stocks rose on Friday as investors firmed up bets on a US interest rate cut at the end of July after a speech by a top Federal Reserve official further cemented expectations for one, fuelling appetite for risky assets and capping the dollar.
European shares opened higher across the board, with the pan-European Stoxx 600 index gaining 0.7% in early trade. Britain's FTSE 100 index gained 0.6% and Germany's DAX rose 0.75%...