Japan’s Nikkei hits 1-month high on Wall Street gains, weaker yen
Japan’s Nikkei share average rose on Monday to touch the 39,000 level for the first time since late July, helped by a softer yen and Wall Street’s gains at the end of last week. The Nikkei had risen 0.2% to 38,709.88 by the midday break. It hit its highest since July 31 at 39,080.64 earlier…
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Japanese shares bounce back after biggest sell-off since 1987 Black Monday rout
Japanese stocks rebounded sharply on Tuesday, clawing back most of the double-digit losses suffered the previous day as comments from the U.S. Fed and data gave investors pause in their concerns over recession and equity valuations. The Nikkei’s rally, after the market’s biggest single day rout since the 1987 Black Monday sell-off, came as the…
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If Fed starts cutting rates from September, will it have a multiplier effect on stock markets?
Notwithstanding the 17% surge seen in Sensex and Nifty so far in the calendar year, Fed’s expected rate cut in September can still have a multiplier effect on the stock market. The Fed move of holding rates steady on Wednesday night and strong hints of a first cut in September unleashed animal spirits in global…
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