Good Morning Global Markets: Optimistic Investors Ahead of Macroeconomic Data

Global stock markets are rallying today, driven by a series of favorable macroeconomic data and solid quarterly reports from major corporations. In the US, the S&P 500 and Nasdaq are up more than 1% following a GDP growth report that exceeded market expectations. Investors have also responded positively to the Federal Reserve's statements, which suggest a pause in interest rate hikes, citing signs of moderating inflation.

In Europe, the STOXX 600 index is rebounding as the European Central Bank maintained its monetary policy unchanged, while in Asia, Japan's Nikkei closed with a 0.8% gain, boosted by a weaker yen that favors exports.

Sectorally, technology and energy are leading the gains, with strong results from giants like Apple and ExxonMobil. Oil, meanwhile, is trading above $90 a barrel, benefiting from expectations of higher global demand and supply restrictions.

Market optimism is accompanied by a slight decline in 10-year Treasury yields, which has boosted interest-rate-sensitive sectors such as real estate and discretionary consumption. However, analysts continue to warn of potential risks on the horizon, such as geopolitical uncertainty and US employment data to be released later this week.