Global stock markets surged yesterday in a broad-based rally that saw 24 of 25 tracked countries post gains. South Korean equities led the charge with double-digit gains, while Norway was the sole laggard, declining nearly 2%. The S&P 500 moved back above both its 50-day and 200-day moving averages in a single session, a significant technical milestone. This widespread rally pushed many international markets back above their key 50-day moving averages, signaling renewed bullish momentum across developed and emerging economies. The breadth of the advance suggests institutional buying extended beyond US borders, indicating growing confidence in global economic conditions despite persistent headwinds.
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