Morning Bid: Jitters heighten, financial conditions tighten

Asian markets will hope to end a bruising week on a positive note on Friday, but fraying global sentiment and a reluctance to take on much risk ahead of the weekend amid persistent Middle East tensions could limit any upside.

Bank of Japan Governor Kazuo Ueda said on Thursday the central bank may raise interest rates again if the yen's declines significantly push up domestic inflation. That's a tightening of financial conditions that emerging markets are struggling to handle. Asian stocks are eyeing their biggest weekly fall since January, with the MSCI Asia ex-Japan index down 2.3% this week and off 5% from its high last week.Japan's Nikkei, which hit an all-time high above 41,000 points in late March, is off 7% since then and on Thursday hit a two-month low. A flat close or fall on Friday will seal its worst week since December 2022.

Source: Financial Digest (financialdigest.net)

Domestic Inflation Bank Of Japan

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Monday morning update on the morning snow and today’s rare Solar Eclipse!Good Monday morning! Many of you on the Avlaon awoke to a &8220;surprise&8221; dose of snow overnight. To be honest I didn&8217;t look at the forecast very closely yesterday but from what I did look it, nothing showed this much snow overnight.
Source: NTVNewsNL - 🏆 54. / 59 Read more »

Morning Bid: March markets serene as Q1 peters outExplore stories from Atlantic Canada.
Source: SaltWire Network - 🏆 45. / 63 Read more »

Morning Bid: March markets serene as Q1 peters outUnder-pressure planemaker Boeing popped more than 1% after announcing a broad management shake-up and saying CEO Dave Calhoun would step down from his...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Morning Bid: Sliding yen rouses snoozing yuanExplore stories from Atlantic Canada.
Source: SaltWire Network - 🏆 45. / 63 Read more »

Morning Bid: Sliding yen rouses snoozing yuanAs markets await key U.S. inflation figures this Good Friday, the focus is swinging to a sudden resurgence in yuan volatility. After months of flatlining...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Morning Bid: Japan, China rein in buck as quarter nears endExplore stories from Atlantic Canada.
Source: SaltWire Network - 🏆 45. / 63 Read more »