The US Federal Reserve is due to meet on Wednesday when markets expect a quarter-point cut. Photo: AP PHOTO

Global shares have held near record highs at the start of an action-packed week that looks certain to see the US Federal Reserve resume its easing cycle, and perhaps leave the door open to a series of interest rate cuts.

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The Bank of Canada is also expected to cut rates by a quarter point this week, while the Bank of Japan and the Bank of England are both seen holding rates steady.

MSCI's all-country index hovered just shy of last week's record high, while stocks in Europe ros

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