Key tests ahead amid strong belief in lower interest rates

In the week ahead, markets face a significant test, with a crucial inflation reading and the second estimate of US 4th quarter economic growth challenging the prevailing confidence in lower interest rates. Despite Wall Street's obsession with AI advancements and the soaring fortunes of companies like Nvidia, the looming prospect of rate cuts from the Fed remains a potent factor, ready to disrupt the market if data disappoints.

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Japan’s stock market surges to all-time high after 34-year wait

Japan's stock market has climbed past its all-time closing high, surpassing the record level struck during the country’s late-1980s asset bubble after a 34-year wait. The Nikkei share average rose about 2% to close at a record 39,098.68 points, above the previous intraday high of 38,957.44 points touched on the final trading day of 1989. On that day, the benchmark index closed at 38,915.87.

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