Global Stocks Mixed as Yen Falls Despite Bank of Japan Rate Hike

Global stocks mixed as yen falls despite Bank of Japan rate hike

Analyst Angelo Kourkafas said “we have some relief that the Fed credibility is still in place,” but added that high yields and geopolitical uncertainty remain concerns.

Most Asian stocks track Wall St rally, yen drops after BoJ rate hike

Hong Kong – Asian stocks mostly rose on Friday in line with a rally on Wall Street as a drop in oil prices eased inflation concerns, while the yen dropped against the dollar even after the Bank of Japan hiked interest rates to a three-decade high. The Federal Reserve’s lift in borrowing costs this week provided some relief to traders concerned that policymakers were not moving quick enough to address a spike in inflation that could deal a blow t…

Asian markets rally on lower yields and easing crude; BOJ lifts benchm

Asian stock markets traded mostly higher on Friday, tracking overnight gains on Wall Street. Market sentiment improved as easing crude oil prices and softer U.S. Treasury yields helped offset hawkish signals from the Federal Reserve, which raised interest

Central Banks Turn Hawkish as Yen Weakens Despite BOJ Rate Hike

Global stocks and bonds slipped on Friday as investors assessed a week of increasingly hawkish central-bank policy, while the Japanese yen weakened sharply even after the Bank of Japan raised interest rates to their highest level in 31 years. The BOJ increased its policy rate to 1.25%, a move that had been widely anticipated by […]

Stock market today: Asian stocks rise as Nikkei jumps after BOJ rate hike, oil retreat lifts sentiment

Asian stock markets broadly advanced on Friday as investors absorbed the Bank of Japan’s latest rate hike and drew support from a stronger Wall Street session and easing energy prices. Japan’s Nikkei 225 rose 1.52 percent, while the broader TOPIX gained 0.20 percent. The MSCI Asia Pacific index excluding Japan climbed 0.84 percent. The BOJ […]