Fed Dovish Signals Ignite Tech-Led Rally as Markets Price December Rate Cut

Overview

• Wall Street jumped with the Nasdaq up 2.69% and the S&P 500 up 1.55% as AI-linked majors led gains following comments from John Williams and Christopher Waller.
• European equities closed mostly higher with the Stoxx 600 modestly up, tech outperforming, Bayer surging on positive Phase III asundexian results, and defense stocks slipping on Ukraine peace talks.
• Rate-cut bets for December climbed sharply on market trackers, Treasury yields hovered near intraday lows, and safe-haven flows eased as gold and oil both finished higher after early weakness.
• Brazil’s Focus survey trimmed 2025–26 inflation projections, the Ibovespa rose 0.33% on lighter liquidity, and traders monitored central bank remarks and the preventive detention of Jair Bolsonaro.
• The dollar was broadly steady while the yen weakened near intervention watch levels around 156–157 per dollar, with participants citing 158–162 as a possible trigger zone in a holiday-thinned week.