Australian Stock Report - Market Pulse
Morning market update: BOJ stimulates markets
marketpulse
Publish date: Mon, 03 Nov 2014, 10:01 AM
marketpulse
0 1,810
Welcome to MarketPulse, the Australian Stock Report's financial market blog. In the MarketPulse blog we aim to provide frequent updates on current events across the financial markets, including market wraps, articles in the news, opinions, reviews, financial education and finally our top tip of the week. The blog is published by the Australian Stock Report research and report editing team together with our very own "Passionate Trader", Carl Capolingua.
Global markets rallied on Friday night following the announcement of fresh monetary stimulus from the Bank of Japan.
The S&P 500 and Dow Jones soared to new record highs, with the latter capping off its biggest weekly gain in almost two years.
European equities logged similarly powerful gains after the BOJ's surprise decision to expand its quantitative easing program to 80 trillion yen a year, from 50 trillion yen currently.
Highlighting the widespread impact of the BOJ's decision, gold sunk to its lowest since 2010 as the US dollar surged against the yen by almost three percent on Friday night.
The yen has continued its freefall this morning, whilst the greenback has gapped higher against its rivals as the BOJ's stimulus announcement ignites fresh currency market turbulence.
The post Morning market update: BOJ stimulates markets appeared first on Market Pulse.
More articles on Australian Stock Report - Market Pulse
Discussions
Be the first to like this. Showing 0 of 0 comments
Post a Comment
Apps
Top Articles
1
CEO Morning Brief
#
Stock
Score
Daily Stocks
Stock
Last
Change
Volume
Ride The Bull Short The Bear
CS Tan
4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
