Ping An CIO expects global rally as Fed rates peak

One of China's biggest insurers is positioning for a global market boost from the Federal Reserve's looming pivot to lower interest rates, anticipating gains for its overseas investments. “Generally speaking, this kind of interest rate cut is good news for the capital market,” said Benjamin Deng, Chief Investment Officer at Ping An Insurance Group.  “Whether it is for the US, Asia Pacific, or the Chinese stock market, it will generate good momentum,” he explained at the firm's i…