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Global Stocks Face First Monthly Decline of 2024 Amid Interest Rate Concerns

As April ends, markets brace for the Federal Reserve's upcoming decision, with expectations of sustained high interest rates influencing stock performances.

  • Stock markets globally are experiencing their first monthly decline of the year, driven by concerns over potentially high interest rates.
  • The Federal Reserve's anticipated announcement on interest rates is keeping traders on edge, with most betting against expected rate cuts.
  • Corporate earnings reports are mixed, with some companies like GE Healthcare and F5 facing challenges, while others like Eli Lilly report strong results.
  • Inflation worries and strong wage gains in the U.S. are adding to the pressures on the economy and stock market.
  • The bond market reacts with rising Treasury yields, indicating heightened expectations that the Fed will maintain a tight monetary policy.
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