Premarket: Global stocks stall near record highs

World stocks were taking a breather on Thursday after a strong few weeks and ahead of a Bank of England rate decision, while Japanese authorities ratcheted up intervention talk again as the yen continued to backslide

The region’s bond and FX markets meanwhile were happy to take it easy ahead of the day’s big event - the Bank of England’s 1100 GMT interest rate decision, where it is widely expected to leave UK rates at 5.25 per cent, where they’ve been since August. Customs figures showed that China’s imports jumped 8.4 per cent in April from a year earlier, beating expectations for a rise of 4.8 per cent, while exports returned to growth, meeting forecasts, in a boost to economic growth.

In other markets, Japan’s Nikkei reversed earlier gains to be off 0.34 per cent, closing at 38,073.98. Australia’s resources-heavy share market lost 1.1 per cent while South Korea also retreated 1 per cent. Japan’s top currency diplomat Masato Kanda had said overnight there was no limit for reserves in currency intervention, keeping traders on edge, while minutes from the Bank of Japan’s April meeting also showed policymakers had turned overwhelmingly hawkish.

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 boosted by U.S. rate relief confidenceShares traded near one-month highs while U.S. futures pointed to a steady start
Source: globeandmail - 🏆 5. / 92 Read more »

Premarket: Global stocks and Japanese yen steady ahead of U.S. payrollsCrude benchmarks headed for steepest weekly losses in three months on demand uncertainty and easing tensions in the Middle East
Source: globeandmail - 🏆 5. / 92 Read more »

Premarket: Global stocks sluggish after Fed signals no quick rate cutsU.S. futures up ahead of Apple results; yen backtracks after another suspected intervention
Source: globebusiness - 🏆 31. / 66 Read more »

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 »