Morning Bid: Markets loving the Fed, yen loving the BOJ

The dovish waves from Fed Chair Jerome Powell 's press conference on Wednesday continue to wash over world markets , putting Asian stocks on the cusp of a second straight weekly gain and highs not seen in well over a year.

Perhaps the most important news for world markets on Friday, apart from the U.S. employment figures for April, will come from Tbilisi, where the Asian Development Bank is hosting its 57th annual meeting. Estimates suggest Tokyo spent just under $60 billion in the two yen-buying forays, around the same amount used in the three interventions over September and October 2022, the last time authorities waded into the market.

Galen Weston calls Loblaw boycott 'misguided criticism', says grocer not responsible for higher prices

Source: News Formal (newsformal.com)

Press Conference Investor Sentiment Japan Jerome Powell World Markets Consumer Inflation

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.

Morning Bid: Nervy markets await Israel's response, Fed outlookExplore stories from Atlantic Canada.
Source: SaltWire Network - 🏆 45. / 63 Read more »

Morning Bid: Markets unsettled by Israel-Iran tit-for-tatExplore stories from Atlantic Canada.
Source: SaltWire Network - 🏆 45. / 63 Read more »

Morning Bid: Markets unsettled by Israel-Iran tit-for-tatIt was hardly unexpected, but Israel's missile strike on Iran on Friday confirms fears of a dangerous series of tit-for-tat retaliation ahead between the...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Morning Bid: Mideast flare-up spooks marketsExplore stories from Atlantic Canada.
Source: SaltWire Network - 🏆 45. / 63 Read more »

Morning Bid: Powell dashes easing hopes, markets dented againInvestors in Asia hoping for some relief from surging U.S. bond yields and a rampant dollar would have been deflated by remarks on Tuesday from Federal...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Morning Bid: Markets eye consolidation, not capitulationExplore stories from Atlantic Canada.
Source: SaltWire Network - 🏆 45. / 63 Read more »