Stocks rise, yen gains as BOJ hikes rates; Fed in focus

LONDON, July 31 - Shares rose on Wednesday after the Bank of Japan raised interest rates in a mostly unexpected hawkish pivot that sparked gains for the Japanese yen, with investors also focused on a U.S. interest-rate decision by the Federal Reserve.

In the United States, Nasdaq futures jumped over 1.5% after a bullish forecast from Advanced Micro Devices , bolstered struggling chip stocks. "The actual market pricing for further rises is not actually moving all that much… I think the FX reaction is in excess of the rates reaction." The dollar index , which measures the U.S. currency against six rivals, was at 104.39 and is down over 1% in July.

Ireland Ireland Latest News, Ireland Ireland Headlines

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

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 »

Commodities fall, stocks nervy ahead of Fed, BOJ rate decisionsThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »

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 »

Oil slips, Asia stocks dip ahead of Fed, BOJOil traded near seven-week lows on Tuesday as a softening demand outlook weighed on commodities, while bond, currency and stock markets traded cautiously...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Premarket: Stocks rise, yen gains after BOJ hikes ratesInvestors prepare for U.S. Fed decision
Source: globeandmail - 🏆 5. / 92 Read more »