The EUR/USD pair extends its winning streak for the seventh consecutive day on Thursday as the US Dollar (USD) weakens despite market expectations of prolonged higher interest rates by the Federal Reserve (Fed).
Japanese Yen had a broad-based declined in Asian session today, while Nikkei extended its recent up trend, momentarily reaching a new record high, ending the 34-year wait. This milestone is of considerable psychological significance for Japan, symbolizing the end of over three decades of economic stagnation ensued after the burst of the country's stock and property bubble. The term "iron coffin lid" has often been used to describe the elusive barrier that is unreachable, making today's breakthrough a momentous occasion for Japanese investors and the broader economy.
Services in the Eurozone rebound in February, but manufacturing contraction deepens euronews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from euronews.com Daily Mail and Mail on Sunday newspapers.
Global financial markets are currently basking in a robust wave of risk-on sentiment, evidenced by Japan's Nikkei and Europe's Stoxx 600 indices reaching new record highs. The optimism is further bolstered by promising US futures, with the technology sector leading the charge, significantly propelled by Nvidia's impressive results. This surge in tech enthusiasm is largely fueled by the ongoing artificial intelligence boom, which seems poised to captivate market sentiment for the foreseeable future.