Published: 11:34, December 9, 2024 | Updated: 18:02, December 9, 2024
Stocks firm as US upbeat outlook absorbs geopolitical shocks
By Reuters

LONDON - Global shares held steady on Monday, as investors took geopolitical tumult in their stride, leaving oil and gold modestly higher, while the dollar edged up ahead of US inflation data this week that could cement a December rate cut.

Friday's US monthly employment data, which was strong enough to soothe any concerns about the resilience of the economy, but not so robust as to rule out a rate cut from the Federal Reserve next week, acted as a shock absorber.

US stock index futures , rose 0.1 percent, suggesting a move beyond last week's record highs for the S&P 500, and Russell 2000, while in Europe, the STOXX 600 got off to a stronger start, up 0.3 percent.