Global Market: Great rebound in US on Friday, Dow Jones jumped 650 points

Bullish environment in global markets. Great rebound in the US on Friday. Dow Jones jumped 650 points. More than 1% rise on S&P 500 and Nasdaq. Strong action in small caps, Russell 2000 jumped 1.7%. As expected, the mood also improved due to PCE data. June Personal Consumption Expenditure is estimated at 2.5%. The 10-year bond yield fell sharply to below 4.2%. Hopes of interest rate cut in September remain intact.