The MSCI All Country World Index edged higher on Thursday, marking a fifth consecutive gain and cutting its November decline to 0.4%. In another sign that risk appetite is returning, Bitcoin traded above $91,000 for the first time in a week. The moves tracked firming expectations for Fed easing, with money markets now pricing in roughly an 80% chance of a quarter-point cut next month and leaning toward three more by the end of 2026.