Major global benchmarks are likely to end the week higher amid strengthening rate-cut expectations by central banks. Political uncertainties diminished, with European stock markets paring early losses following the second round of the French election. Wall Street extended its bullish momentum before retreating on Thursday after the country reported cooler-than-expected inflation data. Most equity markets in Asia also ended higher for the week. Additionally, precious metal prices saw sharp rebounds due to a softened US dollar, with gold and silver prices resurging toward their all-time highs. E…