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Global stocks are expected to outperform US equities in the next five years. A Bank of America survey reveals that most fund managers predict international stocks will be the top asset class. This forecast signals a potential shift from the long-standing dominance of US stocks. The S&P 500 is already underperforming global stocks this year, marking a significant change.
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News and Media
Vishal Mega Mart is set to join the FTSE Global Mid Cap Index on June 20, potentially attracting $115 million in inflows, according to Nuvama Alternative estimates. Following a 20% stake sale by promoters, the company is also eyeing inclusion in the MSCI Index in August, which could bring in an additional $225 million.
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News and Media
The Federal Reserve maintained interest rates. Officials anticipate two rate cuts next year. Economic uncertainty persists, though it has lessened. Growth estimates are lowered, while unemployment and inflation forecasts are raised. Seven officials now foresee no rate cuts this year. Investors await insights from Fed Chair Jerome Powell on Trump's policies and potential rate adjustments.
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News and Media
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