Premarket: World shares rally as investor confidence in Fed cuts grows

News Snapshot:

Global stocks edged up on Friday, having closed out their best month in three years the day before, as investor confidence that interest rates will fall next year has lured cash into equities, cryptocurrencies and gold at the expense of the U.S. dollar. The MSCI All-World index eased 0.1%, mostly on the back of declines in Asian stocks. Shares in Europe rose 0.6%, having posted their biggest monthly gain since January, up 6.5% in November, thanks to an acceleration in expectations for the European Central Bank to start cutting rates as early as April. “Our sense is that quite a...