Bank of Japan surprise pushes yen up and Asian stocks down

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 33 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 63%

المملكة العربية السعودية أخبار أخبار

Ten-year bond yield allowed more space to move, signalling a possible tightening of ultraloose policy

Sydney — The yen surged and Asian shares fell sharply on Tuesday after the Bank of Japan’s decision to allow long-term interest rates to rise more, a move analysts said could signal a step towards changing Japan’s long-held yield curve control.Japan’s Nikkei Stock index shed 2.2% after trading in positive territory earlier in the day, as stocks resumed trading after the BOJ decision.

“The move came earlier than I had expected but a step towards the normalisation process of policy in Japan,” Kerry Craig, JPMorgan Asset Management’s global markets strategist, told Reuters. In early European futures trading, the pan-region Euro Stoxx 50 futures were down 0.89% at 3,784, German DAX futures were down 0.91% at 13,888, FTSE futures were down 0.63% at 7,321. US stock futures, the S&P 500 e-minis, were down 0.52% at 3,825.5.

Australia's Reserve Bank considered leaving interest rates on hold at its December 6 policy meeting, according to minutes published on Tuesday, but delivered a 25 basis point hike.

 

شكرًا لك على تعليقك. سيتم نشر تعليقك بعد مراجعته.
لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:

 /  🏆 12. in SA

المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

Yen on defensive before BOJ; NZ dollar sinks - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.The yen retreated against the dollar on Tuesday ahead of a Bank of Japan policy announcement later in the day, with the central bank widely seen leaving ultra-easy stimulus settings unchanged.
مصدر: SABCNews - 🏆 37. / 51 اقرأ أكثر »

International Finance: Yen surges on yield-curve change; Asia stocks fall: markets wrapThe yen strengthened as the Bank of Japan said it would let benchmark bond yields rise further. Asian equities headed for a fourth day of declines amid investors concern on the global inflation outlook.
مصدر: dailymaverick - 🏆 3. / 84 اقرأ أكثر »