Global markets are mostly lower and Japan’s stock index tumbled as the U.S. dollar sank against the yen after the head of the Federal Reserve suggested a cut to interest rates will come soon.
A television screen on the floor of the New York Stock Exchange, shows the Federal Reserve rate decision, Wednesday, July 31, 2024.– Global markets were mostly lower and Japan’s stock index tumbled Thursday as the U.S. dollar sank against the yen after the head of the Federal Reserve suggested a cut to interest rates will come soon.
In Asian trading, the Nikkei 225 in Tokyo sank more than 1,000 points earlier in the day and ended trading down 2.5% at 38,126.33. “A September cut is now priced in with certainty, and almost three cuts are priced in by the year-end,” said Robert Carnell, regional head of research Asia-Pacific at ING Economics.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stock market today: World shares are mostly lower as Tokyo sinks on stronger yenGlobal markets are mostly lower and Japan’s stock index tumbled as the U.S. dollar sank against the yen after the head of the Federal Reserve suggested a cut to interest rates will come soon.
Read more »
Stock market today: Asian benchmarks are mixed as Tokyo sips on strong yenJapan’s index has plunged, as the U.S. dollar sank against the yen, and regional investors digested the rally on Wall Street that came on hopes U.S. cuts to interest rates will be arriving soon. A strong yen is a plus for Japan’s purchases but hurts the nation’s giant exporters like Toyota by eroding the value of overseas profits.
Read more »
Stock market today: Global shares are mostly lower after gains on Wall StreetGlobal stocks are mostly lower after benchmarks ended higher on Wall Street.
Read more »
Stock market today: Global shares are mostly lower after gains on Wall StreetGlobal stocks are mostly lower after benchmarks ended higher on Wall Street.
Read more »
1 Stock to Buy, 1 Stock to Sell This Week: Palantir, Delta Air LinesStocks Analysis by Investing.com (Jesse Cohen) covering: Nasdaq 100, S&P 500, Dow Jones Industrial Average, JPMorgan Chase & Co. Read Investing.com (Jesse Cohen)'s latest article on Investing.com
Read more »
Tokyo Prepares for DAO TOKYO 2024, Highlighting Japan's Web3 LeadershipTokyo Prepares for DAO TOKYO 2024, Highlighting Japan's Web3 Leadership
Read more »