Global Stocks Rise as US Treasury Yields Fall Following Weak Retail Sales Data

Lower-than-expected consumer spending fuels speculation of Federal Reserve rate cuts later this year.

Global stocks advanced for the second consecutive session, with the MSCI index nearing record levels.
US retail sales increased by 0.1% in May, falling short of the anticipated 0.3% growth.
Weaker retail sales data has increased market expectations for a Federal Reserve rate cut in September.
US Treasury yields declined, with the 10-year note yield falling by several basis points.
Federal Reserve officials emphasize the need for cautious monetary policy adjustments.