From a big week for earnings for top US firms to a debut at the Bank of Japan, these are the business and finance stories to watch out for in the coming days
Megacap tech and growth stocks have had a resurgence across the board in 2023 after getting pummelled last year, as Treasury yields have moderated and investors gravitated toward large companies seen as having secure balance sheets following last month's banking crisis.Reuters GraphicsNew Bank of Japan governor Kazuo Ueda chairs his first monetary policy meeting at the end of the week.
Morgan Stanley MUFG, for example, puts the risk at 20%, even as it says its main scenario is for no action next week after Ueda's repeated comments over recent weeks that stimulus settings remain appropriate for now.policy that has sapped market liquidity with its massive bond purchases, but likely at a much later time this year.Reuters GraphicsQ1 has been interesting for the banks.
March brought home the impact of tighter credit conditions. Two mid-tier U.S. lenders folded as customers pulled their deposits and ran for the hills.
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