Due to growing anticipation that the US Federal Reserve will soon lower interest rates, the majority of Gulf stock markets closed Monday's trading session higher. Investor mood held steady, according to Reuters, as traders continued to bet on future easing of U.S. monetary policy.
Rate cuts by the Federal Reserve are anticipated to begin during their meeting on September 17–18. According to market odds, which were derived by Reuters using information from the CME FedWatch tool, there is a 67% chance of a 25 basis point cut and a 33% chance of a larger 50 basis point cut. A number of important U.S. economic reports, such as job openings, private payrolls and jobless claims, are closely watched by investors this week. The employment report on Friday is expected to be the main focus as it may influence the Fed's next action.
