Reported 2 months ago
Global stock markets rallied following reassuring comments from the Bank of Japan (BOJ) which aimed to stabilize concerns after recent volatility caused by an unexpected interest rate hike. The yen weakened significantly against the dollar as BOJ officials indicated a reluctance to raise rates further during unstable market conditions. While Japanese stocks led gains in Asia, the regional Stoxx Europe 600 saw modest increases despite poor earnings from key companies.
Source: YAHOO