Yen Surges on New Intervention Talk, US Stocks Rally
2 Articles
2 Articles
Yen surges on new intervention talk, US stocks rally
But markets remained on edge amid new Iran strikes against US targets in the Gulf, while bond yields eased. Wall Street's main indexes ended the day more than 1.0 percent up, with the Nasdaq Composite Index rising 1.4 percent. "(US Federal Reserve) Governor Christopher Waller is sparking a market rally today after he hinted at a September pause" on interest rate adjustments, said Jose Torres of Interactive Brokers. US Treasury Secretary Scott Be…
[Digital Daily Reporter Lee Sang-il] The three major New York stock indices rose across the board on the 3rd (local time). Investor sentiment improved as expectations grew that the Federal Reserve (Fed) would keep interest rates unchanged this month. In particular, strength in the semiconductor and software (SW) sectors led the rise in the indices. The Standard & Poor's (S&P) 500 index closed at 7,747.71, up 1.06% from the previous session. The…
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