Reported 7 months ago
Global shares were mixed, and the yen weakened as the Bank of Japan kept its monetary policy intact, leading to a 0.2% gain in Japan's Nikkei 225. Meanwhile, Wall Street hit new highs fueled by excitement over artificial-intelligence technology. In Asia, benchmarks like France's CAC 40 and Germany's DAX dropped while Britain's FTSE 100 fell slightly. U.S. inflation data was lower than expected, with prices at the wholesale level decreasing from April to May. The outlook for growth and interest rates drive market sentiment, with most Fed officials anticipating one or two rate cuts this year.
Source: YAHOO