World Market News of the 19 September with FXOpen #stockmarket #btc #usd #fed #nikkei #sp500 #jpy
☑️ DOLLAR AND STOCKS GAIN AS FED CHARTS SOFT LANDING
The dollar bounced, bond yields rose, and Asian stocks surged after the Fed’s 50-basis-point rate cut and cautious easing signals, suggesting a possible soft landing for the U.S. economy.
The S&P 500 hit a record high overnight and although it closed slightly lower, futures rose 1% through the Asia day and Nasdaq futures rose 1%. European futures were up 1% and FTSE futures climbed 0.8%.
Japan’s Nikkei jumped 2.3% and stock markets in Australia and Indonesia hit record highs.
Source: Reuters
☑️ JAPANESE STOCKS RISE AS YEN WEAKENS WHILE INVESTORS AWAIT BOJ
The Topix Index rose 2% to 2, at the close in Tokyo. Exporters of automobiles and electronics were the biggest contributors to the gauge. Nikkei 225 Stock Average advanced 2.1%.
The yen earlier weakened more than 1% to per dollar, after appreciating to on the Fed’s decision to cut its benchmark interest rate by a half percentage
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