Global stocks and U.S. futures were up Monday following a Wall Street rally on Friday driven by strong tech earnings.Bumper results from Microsoft and Google parent Alphabet were enough to put worries over sticky inflation and slowing growth by the wayside. Friday's core personal consumption expenditures index, which the Fed uses as its preferred gauge of inflation, showed prices rising by 2.8 percent this year through March, excluding food and energy.
'What better time to do it than other on a Japanese public holiday which means lower liquidity in USD/JPY and more Bang for the BoJ's buck!!'Markets are closed on Monday in Japan as the country kicks off Golden Week, a series of national holidays.The Bank of Japan did not immediately respond to a request for comment when emailed by Newsweek.A dollar will currently buy around 155.80 yen.In the U.S., Monday marks the start of another busy week of earnings from big-name brands.
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