From Yahoo Finance: 2024-04-29 01:54:58

The yen rebounded sharply after hitting its lowest level in 34 years, sparking rumors of intervention. European and US stock futures rose. Japanese currency gained 2.1% after briefly falling below 160 per dollar for the first time since 1990. Thin liquidity due to a holiday contributed to the volatile movements. European markets also saw an increase in futures trading. Chinese stocks led Asia’s rally, with the Hang Seng Index making gains. Federal Reserve meeting is in focus this week. US Treasuries have seen the biggest monthly drop in over a year. Oil prices dropped in Asian trading as Secretary of State Blinken tries to secure a ceasefire in Gaza. Elon Musk visits China, Tesla clears hurdles. L’Occitane International SA owner may take the company private. Key events this week include Chinese bank earnings, German CPI, Australia retail sales, US rate decision, Apple earnings, and more. Stock futures are up, while currencies see fluctuations. Cryptocurrencies and bonds also show movement, as commodities market sees declines in oil and gold prices.



Read more at Yahoo Finance: Yen Reverses Losses; European Stock Futures Rise: Markets Wrap