Dollar falls vs yen, stocks advance; focus on rates outlook, earnings

NEW YORK, Oct 30 - Global stock indexes were higher with the Dow Jones industrial average up more than 1% Monday as investors await further earnings reports, while the dollar fell to a two-week low against the yen ahead of central bank meetings.

The recent surge in global interest rates has heightened pressure on the BOJ to change its bond yield control policy, as speculation mounts that the central bank could hike its existing yield cap at this week's meeting.The yen was little changed against the dollar, which earlier fell to a two-week low of 149.28 yen and was last at 149.72. The Japanese currency got a slight reprieve after having struck a one-year trough of 150.78 per dollar last week.

The Dow Jones Industrial Average rose 348 points, or 1.07%, to 32,765.59; the S&P 500 gained 30.42 points, or 0.74%, to 4,147.79; and the Nasdaq Composite added 110.28 points, or 0.87%, to 12,753.29.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Wall St eyes higher open as investors await Fed rate verdict, more earningsKitco News collects and features the top financial, economic and geopolitical news from around the world. Kitco's aggregated sources include some of the top newswires in the world including the Association Press, Canadian Press, Japanese Economic Newswire, and United Press International.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »

Futures advance as investors await Fed rate verdict; more earnings on tapKitco News collects and features the top financial, economic and geopolitical news from around the world. Kitco's aggregated sources include some of the top newswires in the world including the Association Press, Canadian Press, Japanese Economic Newswire, and United Press International.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »