Cautious optimism led stocks back to all-time highs. But are bulls becoming irrationally exuberant?

“Triumph of the Optimists” is a landmark history of investment returns during the 20th century. The story of past several weeks in markets could be called, “Redemption of the Cautious Optimists.” From the start of August, after a startling weak jobs report, the markets locked into investors’ preferred scenario: The Federal Reserve would soon lower…

Dow jumps 500 points to record as August inflation increase likely won’t derail Fed rate cut: Live updates

Traders work on the floor at the New York Stock Exchange in New York City, U.S., Sept. 10, 2025. Brendan McDermid | Reuters Stocks rose on Thursday as traders anticipated that the latest reading of a key consumer inflation gauge won’t stand in the way of the Federal Reserve lowering its benchmark interest rate next…

Japan’s Nikkei 225 hits a new high as SoftBank surges nearly 10%

Japan’s benchmark Nikkei 225 led gains in Asia Thursday to notch a record high of 44,251.65, mirroring gains on Wall Street overnight on Fed-rate cut hopes and positive inflation data. One of Nikkei 255’s heavyweights, tech investment firm SoftBank Group, jumped nearly 10% to notch a second straight day of gains. Other top movers were…

S&P 500 futures rise ahead of inflation data, Oracle forecast looks to spark AI trade: Live updates

Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., Sept. 9, 2025. Brendan McDermid | Reuters S&P 500 futures rose Wednesday, boosted by a positive forecast from Oracle, as traders looked ahead to the release of new inflation data. Futures tied to the broad benchmark added 0.2%,…

Asia markets set to open mostly higher ahead of key China inflation data

The city skyline of Lujiazui Shanghai Center in China, on March 13, 2024. Cfoto | Future Publishing | Getty Images Asia-Pacific markets were set to open mostly higher Wednesday ahead of key August inflation data from China. The mainland’s August consumer price index is expected to fall 0.2% from the previous year, according to economists…

Global week ahead: Volatile bonds, a confidence crunch and the ECB meets

Two types of story dominated the chatter in the newsroom this week. The watercooler favourite? The antics of high-profile CEOs, with the departure of Nestle’s boss over an undisclosed affair with a subordinate and the resignation of Suntory’s CEO over the possible purchase of illegal substances both causing a stir in the London and Singapore…

Wall Street’s dilemma: How Fed rate cut hopes clashed with slowing jobs growth

The stock market kicked off the historically tough month of September on a rocky note as Wall Street speculated about the magnitude of the Federal Reserve’s next interest rate decision. Initially, the S & P 500 and Nasdaq hit all-time intraday highs Friday morning as investors digested a slower-than-expected August jobs growth . The weak…