The American stock market is growing steadily after a stormy session on Wall Street. Investors have hope for an early signal from the Fed to lower interest rates. The MSCI global stock index shows a 9-day rise, the longest since December. European and American futures show a slight increase, and the yield on 10-year US Treasury bonds remains stable. Traders are waiting for the results of the Fed's economic symposium in Jackson Hole, so they are not in a hurry to make big bets yet. The latest data, according to analysts, show a decrease in concerns about the slowdown in the US economy, while not provoking worries about inflation. In Europe, investors are watching the inflation data in the eurozone, which may demonstrate a slowdown in price growth. ECB Governing Council member Olli Rena stressed the need to adjust monetary policy at the ECB meeting next month. In the corporate market, Alimentation Couche Tard Inc's preliminary offer to purchase the owner of 7-Eleven Seven & i Holdings Co. could reach $38.4 billion. Asian currencies reached their highest level since January, and oil prices showed the biggest drop in 2 weeks after the US announced a cease-fire in the Gaza Strip. Copper prices have slowed recent growth, and gold prices have exceeded $2,500 per ounce amid expectations of a Fed interest rate cut.
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