Stock market today: Asian stocks are higher as Bank of Japan raises benchmark rate

Currency traders work near the screen showing the Korea Composite Stock Price Index , top center left, and the foreign exchange rate between U.S. dollar and South Korean won, top center, at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Wednesday, July 31, 2024.

A rate hike by the BOJ was expected to boost the yen, but since the decision was widely anticipated the dollar actually yoyoed against the Japanese currency, trading above 153.00 yen at times. It fell to 151.60 late Wednesday afternoon Japan time. The U.S. Federal Reserve is forecast to hold off on cutting interest rates when it announces its decision on Wednesday. The widespread expectation is that it will do so at its next meeting in September.

On Tuesday, the S&P 500 slipped 0.5% to 5,436.44, even though two out of every three stocks within the index rose. The Dow Jones Industrial Average rose 0.5% to 40,743.33, and the Nasdaq composite sank 1.3% to 17,147.42. Helpfully for the market, other stocks have been rising up to cushion some of Big Tech’s recent softness, including smaller stocks and companies whose profits are closely tied to the strength of the economy. They rallied on hopes thatThe Russell 2000 index of smaller stocks added 0.3% Tuesday to stretch its market-leading gain for the month to 9.5%.

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

Stock market today: Japan's Nikkei 225 hits new record close, leading Asian shares higherJapan's benchmark Nikkei 225 has surged to a record close of 40,913.65, leading markets in most of Asia higher.
Источник: ksatnews - 🏆 442. / 53 Прочитайте больше »

Stock market today: Japan's Nikkei 225 hits new record close, leading Asian shares higherJapan's benchmark Nikkei 225 has surged to a record close of 40,913.65, leading markets in most of Asia higher.
Источник: wjxt4 - 🏆 246. / 63 Прочитайте больше »

Stock market today: Japan's Nikkei 225 hits new record close, leading Asian shares higherJapan's benchmark Nikkei 225 has surged to a record close of 40,913.65, leading markets in most of Asia higher. Shares fell in Chinese markets, while U.S. futures edged higher. Oil prices fell. On Wednesday, U.S.
Источник: AP - 🏆 728. / 51 Прочитайте больше »

Stock market today: Asian shares mostly fall ahead of central bank meetingsAsian shares have mostly fallen in cautious trading ahead of central bank meetings around the world.
Источник: wjxt4 - 🏆 246. / 63 Прочитайте больше »

Stock market today: Asian shares mostly fall ahead of central bank meetingsAsian shares have mostly fallen in cautious trading ahead of central bank meetings around the world.
Источник: ksatnews - 🏆 442. / 53 Прочитайте больше »

Stock market today: Asian stocks track Wall Street gains ahead of central bank meetingsAsian stocks started the week with gains ahead of central bank policy meetings in the United States and Japan, after a broad rally on Wall Street that capped a tumultuous week. Japan's Nikkei 225 index jumped 2.1%. U.S. futures and oil prices rose. On Friday, the S&P 500 rose 1.1% for its best day in seven weeks.
Источник: AP - 🏆 728. / 51 Прочитайте больше »