Premarket: Stocks rise, yen gains after BOJ hikes rates

European shares followed Asian indexes higher on Wednesday after the Bank of Japan raised interest rates in a mostly unexpected hawkish pivot, sparking gains for the Japanese yen.

Oil prices rose from seven-week lows on escalating tension in the Middle East after Palestinian militant group Hamas said its leader Ismail Haniyeh was killed in the Iranian capital Tehran. On an action-packed Wednesday, central banks dominated investor attention. A Federal Reserve rates decision is due later in the day, with markets expecting the U.S. central bank to stand pat on rates but indicate cuts are on the way.

Wall Street stocks were set for gains, with futures gauges showing advances of between 0.2% and 1.5%.

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.

Premarket: Commodities fall, stocks steady ahead of Fed, BOJ rate decisionsThe S&P 500 has steadied after a two-week downturn and futures were flat
Source: globeandmail - 🏆 5. / 92 Read more »

Asian Stocks Eye Early Gains Into BOJ, Fed Week: Markets Wrap(Bloomberg) -- Asian stocks are poised to rise in early trading ahead of a week of key central bank decisions in Japan, US and UK, as well as some big tech...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Premarket: Stocks rally to record highs ahead of U.S. inflation dataCPI figures are expected pave the way for the Fed to start its long-awaited interest rate cut cycle as soon as September
Source: globeandmail - 🏆 5. / 92 Read more »