Stocks face worst month since September, yen swings after BOJ

LONDON, April 26 - Global stocks were teetering on Friday towards their worst month since September, although futures markets predicted strong tech earnings would spark a Wall Street relief rally later in the day and help traders recoup some losses.

Still, contracts that wager on Wall Street's tech-heavy Nasdaq 100 were almost 1% higher on Friday, while those on the benchmark S&P 500 index rose 0.8%, after earnings from Alphabet , opens new tab and Microsoft , opens new tab beat estimates. Markets are on high alert for Tokyo authorities to intervene to prop up the currency, in what would be an unconventional and politically tough decision.

"We underestimate the potential for something to go very wrong when you have a currency that is totally misaligned with fundamentals," he said.Ahead of the U.S. inflation data the two-year Treasury yield , which reflects short term interest rate expectations, hovered near 5% on Friday.

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.

Premarket: Global stocks teeter toward worst month since September, yen swingsFutures markets predicted strong tech earnings would spark a Wall Street relief rally later in the day and help traders recoup losses
Source: globeandmail - 🏆 5. / 92 Read more »

Asia stocks, yen tentative with eyes on BOJ decisionExplore stories from Atlantic Canada.
Source: SaltWire Network - 🏆 45. / 63 Read more »

Asia stocks, yen tentative with eyes on BOJ decisionAsian shares rose cautiously on Friday as markets sobered up to the idea that U.S. rate cuts were most likely some time away, while the yen and Japanese...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

BOJ Tightening Bets Help Revive a Rally in Value and Bank Stocks(Bloomberg) -- The possibility of a more hawkish tilt by the Bank of Japan at this week’s policy meeting means it may be too early to call time on the...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

BOJ Tightening Bets Help Revive a Rally in Value and Bank StocksThe possibility of a more hawkish tilt by the Bank of Japan at this week’s policy meeting means it may be too early to call time on the rallies in banks and other value stocks.
Source: BNNBloomberg - 🏆 83. / 50 Read more »