Two youths charged with second degree murder | SaltWire #newsupdate #halifax #police #newstodaySINGAPORE - Asian shares rose cautiously on Friday as markets sobered up to the idea that U.S. rate cuts were most likely some time away, while the yen and Japanese government bonds struggled ahead of a closely watched policy decision by the Bank of Japan.
Other yields across the curve also notched fresh milestones, with some hitting multi-year peaks. Bond yields move inversely to prices. That comes as the yen has been battered by a resurgent dollar, even after the BOJ's landmark exit from negative rates last month. Aggressive jawboning from Japanese authorities has also done little to stem the yen's decline, leaving traders on alert for any signs of intervention from Tokyo.
Shares of BHP Group fell 4% in the first day of trading of its Australian-listed stock since revealing a $38.8 billion bid for smaller rival Anglo American in a deal that would forge the world's largest copper miner.Elsewhere, investors were digesting the implications of Thursday's data which showed the U.S. economy grew at its slowest pace in nearly two years in the first quarter, though inflation accelerated."The U.S.
Focus now turns to March's core PCE price index data due later on Friday - the Fed's preferred measure of inflation - for further clues on the U.S. rate outlook.
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