Stocks Surge as Central Banks Signal Pause in Rate Hikes

Global stocks rallying strongly this week on optimism about peak rates and corporate earnings. S&P 500 posts best day in 6 months.

Central banks like Fed and BOE pause rate hikes, sparking bond rallies. Markets price in rate cuts next year.

U.S. 10-year yield drops below 5%. Dollar slips. Emerging markets benefit.

U.S. October jobs report today expected to show 180,000 jobs added and 0.3% hourly earnings gain.

Japanese markets closed today. Yen stuck near 32-year lows vs dollar after BOJ policy tweak.