Markets Rally on Hope of Peak Rates as Fed Signals Pause on Hikes

Markets now see U.S. rate cuts beginning in June 2024 after Fed signals interest rate hikes may be over.

Asian shares and bonds rally on optimism that U.S. rate hikes have peaked.

Bank of England expected to end tightening cycle at policy meeting today.

Apple to report earnings later today, seen as bellwether for tech sector and consumer demand.

Next major focus for markets is U.S. October jobs report on Friday, which is expected to show hiring slowdown.