Overseas stocks rallied and currencies strengthened against the dollar after the Federal Reserve kicked off its rate-cutting campaign with a large reduction. Fed policy has big implications for overse

Global investors scooped up equity funds in the week to Sept. 18, anticipating the Federal Reserve's interest rate cut to initiate its long-awaited reduction cycle. According to LSEG data, investors acquired a net $5.

Europe was waiting to see if the Bank of England delivers a surprise cut of its own later. That is seen as only an outside chance, so for the time being the bulls were content with the first Fed cut in four years.

Resurgent risk appetite swept global financial markets higher from stocks and metals to gold and oil on Thursday, after the U.S. Federal Reserve kicked off its long-awaited interest rate cutting cycle with a half point move.