Global Stocks Surge Ahead of Fed Interest Rate Decision

Global stocks are rising ahead of the Federal Reserve's interest rate decision on Wednesday. Investors expect a hike in interest rates for the first time in three years, as inflation remains elevated in the United States and above the Fed's target.

The potential rate hike has been anticipated by many, with high expectations from investors. This expectation is reflected in the global stock market, where shares are advancing despite losses on Wall Street earlier this week.

Asian markets, including Japan's Nikkei 225, South Korea's Kospi, and Taiwan's Taiex, have seen significant gains, with increases ranging from 0.7% to 1.4%. The Shanghai Composite index also rose by 0.7%.

In Europe, Britain's FTSE 100 and France's CAC 40 climbed 0.2%, while Germany's DAX edged up 0.1%. U.S. futures are also higher, indicating a positive start to the day on Wall Street.