Global stocks rise after Wall Street surges on hopes for lower interest rates

Market Performance - Shares in Europe and Asia advanced following a surge on Wall Street, driven by hopes that the Federal Reserve will soon cut interest rates [2] - The S&P 500 futures gained 0.3% and the Dow Jones Industrial Average futures rose 0.2% [2] - In early European trading, Germany's DAX and France's CAC 40 both increased by 0.2%, while Britain's FTSE 100 edged up 0.1% [2] - The Nikkei 225 in Tokyo rose 1.9%, while South Korea's Kospi gained 2.7%, supported by a 3.5% increase in Samsung Electronics [2] - The Russell 2000 index of the smallest U.S. stocks jumped 2.1%, indicating a strong performance among smaller companies [2] Economic Indicators - Mixed economic data has led traders to bet on an 83% probability that the Fed will cut rates in December [2] - U.S. retail sales in September were lower than expected, and consumer confidence worsened more than anticipated in November, suggesting the economy may need support from lower interest rates [2] - A report indicated that U.S. wholesale inflation was slightly worse than expected in September, although a closely tracked underlying trend showed improvement [2] Company-Specific Developments - Kioxia shares dropped 14.9% due to reports that Bain Capital plans to sell $2.3 billion of the company's shares [2] - Alibaba's shares fell 1.9% after reporting profits that fell short of forecasts, despite stronger-than-expected revenue for the latest quarter [2]