Traders work on the floor of the New York Stock Exchange during afternoon trading on August 02, 2024 in New York City.This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe8%. Chinese stocks bucked the regional trend as the CSI 300 index edged higher. China unveiled a plan over the weekend to boost consumer spending, while.
Get the CNBC Daily Open report in your inbox every morning and keep up to date with the markets wherever you are.noting that rising Japanese interest rates marked the end of the popular "carry trade" — whereby investors borrow in a low interest rate currency like the yen to invest in assets that will likely generate higher returns.
"The now evident vulnerability of U.S. equity prices to a rise in the yen exchange rate warns of the consequences for U.S. asset prices and developed-world asset prices in general from monetary policy changes in the east," Napier wrote in a report last week.from its previous range of 0% to 0.1%, narrowing the rate differential with the U.S. Federal Reserve that had pressured the yen.
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