Stock market today: Global benchmarks are trading mixed as investors focus on earnings

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Global shares are trading mixed as investors look ahead to a flood of global earnings reports, including from U_S_ companies known as the “Magnificent Seven.”.

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“For the record, heading into tomorrow’s policy decision, exceptional Japanese yen weakness is the agitated elephant in the room for the BOJ,” Tan Jing Yi of Mizuho Bank said in a commentary. Speculation has been growing Japan may intervene to prop up the yen. But opinion is divided if and when that might happen.

Tesla is the first among the group of stocks called the Magnificent Seven to report its results for the start of 2024. Those stocks they drove most of the U.S. stock market’s gain last year, and they’ll need to perform to justify their high prices.

 

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