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Global stocks flat as AI and rate fears hit tech

Source: Livemint — Markets · 4 hr ago
Global stocks flat as AI and rate fears hit tech
Image: Livemint

Summary

Global stock markets were largely unchanged as concerns over artificial‑intelligence developments and interest‑rate outlook weighed on technology shares. Futures markets indicate that investors still see a high chance the U.S. central bank will keep rates steady after its upcoming meeting.

AI-generated summary. Verify important details at the source.

From the original report

Fed funds futures are now pricing an implied 73% probability the US central bank will stay on hold at the end of its next two-day meeting on October 28, little changed from the start of the week, according to the CME Group's FedWatch tool.

Excerpt from Livemint — Markets.

Read the full story at Livemint

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