NEW YORK / LONDON (IT BOLTWISE) – Global stock markets are recovering as Bitcoin and bonds regain stability after a sell-off. Investors are preparing for a possible interest rate cut by the US Federal Reserve, while Japan is threatened with a rate hike.
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Global stock markets rebounded after previously coming under pressure from the prospect of a rate hike in Japan. Particularly notable was the stabilization of cryptocurrencies and global government bonds, which regained ground after a sell-off the previous day. These developments come in the context of an expected interest rate cut by the US Federal Reserve, which gives market participants hope that monetary policy will be eased.
In the US, stock markets closed higher, driven by gains in the technology and industrial sectors, while energy and materials stocks posted losses. The Dow Jones Industrial Average rose 0.39%, the S&P 500 rose 0.25% and the Nasdaq Composite rose 0.59%. European markets also posted slight gains, while Asian markets, excluding Japan, also rose.
A key factor for market stability was the calming of the Japanese bond markets following a successful auction result. Japanese government bond yields had previously reached record highs amid worries about government finances and expected interest rate hikes from the Bank of Japan. This development had a positive impact on global bond markets, with US and German bond yields declining slightly.
In the foreign exchange market, the dollar strengthened against the yen, while the dollar index weakened overall. This move reflects expectations of a rate cut in the US putting pressure on the dollar. At the same time, Bitcoin recovered after a sharp decline and recorded an increase of over 5%.
Commodity markets also reacted to geopolitical tensions and uncertainties regarding global supply. Oil prices fell slightly, while gold and silver showed mixed developments. Overall, market sentiment remains influenced by the monetary policy decisions of the major central banks and geopolitical developments.
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