Global equity markets are on track for their best showing since March as bets on the impact of Chinese stimulus and enthusiasm over artificial intelligence firms boost stocks.
The MSCI World Index is up some three per cent this week, and there's some breadth to the rally. If we break things down geographically – the S&P 500 is coming off its sixth straight winning session, the longest run of gains since November 2021, while the rate-sensitive Nasdaq Composite is up about four per cent on the week after the U.S. Federal Reserve hit the pause button on hikes.
Rona is cutting about 500 jobs in a move the home improvement retailer says better aligns its structure with slowing economic conditions.
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