Positive

From Yahoo Finance: 2024-07-31 03:43:43

Global equities rallied as Bank of Japan raised benchmark interest rate to highest since 2008, boosting tech stocks. MSCI Asia index rose 1.8%, chipmakers led gains in Europe, S&P 500 and Nasdaq 100 set to erase losses. Fed Chair Powell expected to signal rate cut, Meta Platforms Inc. reports earnings, euro region inflation data due. Traders digest BOJ action, fed gearing. Yen fluctuates, Treasuries steady, dollar falls. Chipmakers rally after US exempts Japan, South Korea, and Netherlands from export restrictions. HSBC gains, oil and gold rise. Corporate highlights include HSBC, BBVA, Danone, GSK. Key events: Fed rate decision, Amazon and Apple earnings, Bank of England rate decision, US employment data. Stocks rise, currencies fluctuate, cryptocurrencies stabilize, bonds steady, commodities advance.

This summary highlights the positive impact of the Bank of Japan raising its benchmark interest rate on global equities, with tech stocks and chipmakers seeing gains. Federal Reserve Chair Jerome Powell is expected to signal a potential rate cut. Various corporate highlights and key events such as Fed rate decision and earnings reports are noted. Stocks, currencies, cryptocurrencies, bonds, and commodities are evaluated. Overall, the day was filled with market fluctuations as keen traders prepared for potential shifts in the economic landscape.



Read more at Yahoo Finance: Stocks Rally as BOJ Hike Kickstarts Pivotal Day: Markets Wrap