Stock markets were mixed on Monday as traders geared up for an expected interest rate cut by the US Federal Reserve this week.

Equities have enjoyed a strong run-up over recent weeks as a string of data on jobs and inflation are seen as having provided the US central bank with enough leeway to resume its rate reductions.

Wednesday’s policy decision follows figures showing the labour market continuing to soften, while prices have not spiked as much as feared in the wake of US President Donald Trump’s tariff war.

The keenly awaited meeting is expected to see the Fed lower borrowing costs 25 basis points, although some observers predict it could go to 50 points.

“There’s a wait and see mood at the start of the week as investors eye key central bank meetings and assess the potential path o

See Full Page