Stocks gain, dollar softens as peak inflation bets rise

A man wearing a protective mask walks past the headquarters of the Bank of Japan in Tokyo, Japan. File photo: REUTERS/KIM KYUNG-HOON

The yen rose about 0.4% to 131.99 per dollar. It had surged to a four-month high of 130.58 on Tuesday after the BOJ decided to allow the 10-year bond yield to move 50 basis points either side of its 0% target, wider than the previous 25 basis point band. While the US Federal Reserve raised its main interest rate by 50 basis points in its seventh hike of the year in December, money managers are expecting the world's most influential central bank to soften its stance as inflation ebbs lower.

Europe's Stoxx 600 share index rose 0.3%, putting it on course for a near 2% weekly gain, though it remains on track for a double-digit annual loss.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

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

How to run a filter to find winning stocks[ICYMI] MoneywebNow podcast with SimonPB, a look at how to filter shares to find quality stocks and a look at retail stocks in 2022. Download podcast:
Source: Moneyweb - 🏆 5. / 77 Read more »

MARKET WRAP: Rand holds on to gains while JSE gets a lift from precious metals stocksPlatinum miners buoyed by the stronger metals prices, while yen records its biggest one-day rise since 1998 and medium-term outlook for the rand remains bullish
Source: BDliveSA - 🏆 12. / 63 Read more »