The long pause between rate cuts could be particularly bullish for equities, potentially extending and broadening the stock market’s rally, analysts said.

Indian benchmark indices Sensex and Nifty closed higher Monday, lifted by IT shares after Federal Reserve Chair Jerome Powell signaled the U.S. central bank could cut interest rates as soon as next month.

Canada's main stock index slipped on Monday, kicking off a week of earnings from top domestic lenders, after U.S. Federal Reserve Chair Jerome Powell's hints about interest rate cuts propelled the market to new heights in the previous session.