Could this be a landmark day for the Bank of Japan? Asian markets are likely to come under pressure on Friday, backing down from five-month highs as the Bank of Japan opens the door to allowing long-term interest rates to rise beyond the 0.5% cap as it discusses potential amendments its yield curve control (YCC) program. A Nikkei report on Thursday pointing in that direction coincided with a downturn for U.S. stocks, a fall that snapped the Dow Jones Industrial Average's 13-day winning streak, it's longest since 1987.
NEW YORK (Reuters) - A look at the day ahead in Asian markets from Stephen Culp, financial markets columnist. Could this be a landmark day for the Ban.
Morning Bid: Over to you, Bank of Japan reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
While investors are celebrating signs suggesting U.S. inflation slowing down, such a trend may negatively impact earnings and in turn weigh on stock prices,.
S&P 500, Nasdaq edge higher as Apple counters Fed jitters streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.