Global Markets React to Economic Uncertainty and Anticipated Interest Rate Cuts

Asian stock markets and US futures slip, while bitcoin and gold prices surge amid expectations of Federal Reserve interest rate cuts.

Asian stock markets, including Hong Kong's Hang Seng and Japan's Nikkei 225, experienced declines amid concerns over the Chinese economy and ahead of key US economic reports.
US futures also slipped, with technology and communication services companies weighing heavily on the market.
Bitcoin reached $42,000, a price not seen since the crypto collapse in spring 2022, and gold reached an all-time high of $2,100 per ounce.
Expectations that the Federal Reserve will start cutting interest rates next year are driving speculation in various markets, from bitcoin to ten-year treasury bonds.
Despite production cuts announced by OPEC and its allies, oil prices continued to decline.