News Formal

Markets today: Stocks climb around the world on dovish BOJ signal

  • 📰 BNNBloomberg
  • ⏱ Reading Time:
  • 38 sec. here
  • 42 min. at publisher
  • 📊 Quality Score:
  • News: 159%
  • Publisher: 50%

Asia News

Pacific Rim,Top Asia,Pacific Rim

Stocks climbed around the globe and bonds fell after the Bank of Japan moved to reassure markets in the wake of historic volatility sparked in part by the Asian nation’s unexpected rate hike last week.

BNN Bloomberg's Jon Erlichman looks at how North American markets are shaping up for the trading day.

Equities extended their rebound as the panic that recently roiled the financial world subsided. The yen slumped after a BOJ official indicated that policymakers won’t raise rates further if markets are unstable. Treasuries slid, and roughly 15 companies looked to sell U.S. investment-grade debt as borrowers take advantage of a primary market that was left wide open after the global turmoil shut the issuance window.

“Investors are making a more sober assessment of the events over the past week or so,” said Fawad Razaqzada at City Index and Forex.com. “That’s not to say we are completely out of the woods just yet. But there’s at least some stabilisation in the markets, which should allow some markets to re-align with the fundamentals.”

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 83. in BUSİNESS

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.

Japan’s Bank Stocks Climb as BOJ Reported to Consider Rate Hike(Bloomberg) -- Japanese bank stocks rose the most since December 2022 after the nation’s central bank raised its benchmark interest rate and unveiled plans...
Source: YahooFinanceCA - 🏆 47. / 63 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 »

Japan Stocks Set to Drop Ahead of BOJ Decision: Markets Wrap(Bloomberg) -- Stocks in Japan are set to decline as the nation’s central bank kicks off a closely watched series of global policy meetings. The world’s...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »