The expectation that the ECB and the Federal Reserve will reduce interest rates has improved the stock market. While the pound was in a frustrated situation, since the future of the former Boris Johnson minister was possible, he decided to withdraw without the UK consent from the EU.
The MSCI Index of Asian and Oceania stocks outside Japan rose by 0.15% and Japan's Nikkei index rose 0.95%. Shanghai Composite Index increased by 0.2%. Australian stocks increased 0.4% and KOSPI South Korea 0.45%. Also, the S&P500 hit the record high overnight, due to expectations that the Federal Reserve would cut interest rates in July 30 and July 31.
European stocks also rose Monday as the central bank cut interest rates to 10% on Thursday, but the extension of central bank policy is no longer new and the market is at least the same.
"The likelihood of lower interest rates by federal support for the stock market is likely to decline by more than 25%," Soichiro Mitsui said.