Global stocks defy geopolitical risks, soaring to all-time high as they bet on Federal Reserve rate cut

Oracle chairman Larry Ellison sees wealth rise almost $100bn in one day

The 81-year-old Larry Ellison earlier this year. He still holds 43pc of Oracle shares. Photo: Getty

War, famine, US-triggered trade shocks and a French political crisis are making no dent in the relentless surge in stock prices.

Wall Street shares set a new record high yesterday, even as Poland’s government warned that it was the closest it has been to outright conflict since World War II and diplomats reeled from Israel’s bombing in Qatar.

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