Although the benchmark indices opened lower, they traded negatively throughout the session and ultimately closed red.

Job creation continues to slow and unemployment is on the rise, which will mean the doves at the Federal Reserve will continue to make the case for further interest rate cuts.

The consensus among economists is unanimous that the BOE will cut interest rates by 25 bps on Thursday. 

Micron Technology is gaining attention as rising AI demand boosts memory market expectations, with anticipation surrounding its upcoming earnings report and analyst target revisions.