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Stocks are rising before Fed meets as rate cuts are front and center; Hong Kong shelves its extradition bill, helping sentiment
  • Stocks rose on Monday after Hong Kong's chief executive suspended a controversial extradition bill over the weekend.
  • Investors also bet the Federal Reserve would signal its intention to cut interest rates in the coming months when it meets later this week.
  • View Markets Insider's homepage for more stories.
  • Asian shares largely rose with the Shanghai Composite up 0.2% and Hong Kong's Hang Seng up 0.5%. 
  • European equities were broadly higher with Britain's FTSE up 0.2%, the Euro Stoxx 50 up around 0.1%, and Germany's DAX was flat.
  • Lufthansa plunged 11% after a profit warning, saying its Eurowings unit is expected to suffer amid intense competition in the budget airline industry.
  • US stocks are poised to open higher with the futures underlying the Dow Jones Industrial Average and S&P up 0.2%, and Nasdaq futures up 0.3%.
  • Crude oil prices fell with West Texas Intermediate down 0.4% at $52.50, and Brent down 0.3% at $61.80. 
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Full "The Business Insider: The Money Game" article




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