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Stocks rise as oil dips, yen wobbles ahead of BOJ
MSCI’s Asia-Pacific index rose 0.55% as investors bet on a Bank of Japan hike and Brent crude fell 1.0%, easing inflation worries.
Summary by Channel News Asia
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8 Articles
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Yen weak ahead of BOJ decision; rate hike expected
The yen dipped against both the dollar and euro as investors speculated about a potential interest rate hike by the Bank of Japan. Recent inflation figures showed a small miss in expectations for August, contributing to market volatility. Meanwhile, the Bank of England opted to maintain steady interest rates, and the euro stayed stable against the dollar. The Australian dollar saw an uptick amid inflation concerns, while oil prices plunged.
+3 Reposted by 3 other sources
Stocks rise as oil dips, yen wobbles ahead of BOJ
SINGAPORE: Asian stocks rose and the dollar held its ground on Friday (Sep 19) as investors contended with global policymakers ramping up efforts to rein in inflation, with a dip in oil prices improv
Coverage Details
Total News Sources8
Leaning Left0Leaning Right3Center3Last Updated50% Center, 50% Right
Bias Distribution
- 50% of the sources are Center, 50% of the sources lean Right
50% Right
C 50%
R 50%
Factuality
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