NEW YORK (AP) — Stocks in the U.S. and across the globe rose sharply Friday after the Bank of Japan unexpectedly announced a new stimulus package to boost the country's struggling economy. The announcement came after economic data showed that Japan's economy remained in the doldrums following a sales tax hike in April. Investors have been hopeful that the European Central Bank might also start buying bonds to stimulate that region's economy by keeping interest rates low and injecting cash into the financial system. "The Japanese central bank has taken the QE baton from the Fed, and equity traders couldn't be happier," said David Madden, market analyst at IG. European stock markets rose broadly following the Bank of Japan's announcement on hopes that the European Central Bank could be tempted to follow Japan's lead in stepping up stimulus measures. "The willingness of the Bank of Japan to ease further in the fight against deflation will encourage those who think the ECB should be doing the same," said Julian Jessop, chief global economist at Capital Economics.
Us, Global Stocks Get Big Boost From Bank Of Japan
By KEN SWEET, AP Business Writer, Seattle Post-Intelligencer: Business
Fri, 10/31/2014 - 7:51am
Sections: business
BING NEWS:
- It’s Time to Expand Beyond Big Tech Stocks, This Expert Says. Where to Look.
Sinead Colton Grant, chief investment officer at BNY Mellon Wealth Management, favors the U.S. over international markets. And muni bonds look attractive.
04/24/2024 - 8:30 pm | View Link - 3 No-Brainer Stocks to Buy With $300 Right Now
A modest amount of money can go a long way on Wall Street when it's put to work in time-tested businesses with well-defined catalysts.
04/23/2024 - 10:21 pm | View Link - Does Big Oil's Bull Run Have Legs?
Shares are up sharply so far this year, but the industry has been here before, and investors have proven fickle.
04/23/2024 - 8:22 am | View Link - Goldman Sachs says China stocks may rise by 40% on market reforms as UBS goes overweight on mainland, Hong Kong shares
Goldman says Chinese stocks may rise 40 per cent amid ‘more conducive trading environment’ in near term, while UBS raises ratings on Chinese and Hong Kong stocks to overweight.
04/23/2024 - 7:14 am | View Link - Stocks Rise as US Earnings Kick Into High Gear: Markets Wrap
Asian markets were set for a mixed open Monday as focus shifts to a slew of company earnings and economic data this week for insight into the direction of central bank policy. Most Read from ...
04/21/2024 - 11:28 pm | View Link - More
Welcome to Wopular
Wopular is an
online newspaper rack,
giving you a summary view of the top headlines from the top news sites.
Senh Duong (Founder)
Wopular,
MWB,
RottenTomatoes
MoviesWithButter : Our Sister Site
- "Expendables 4" Starts Shooting This Fall, Says Randy Couture at the Arnold Sports Festival more
- “Expendables 4” Gets Funding Interest from “Ip Man 3” Financier more
- "Ip Man 3" Distributor Suspected of Box Office Fraud, Parent Company Loses $200M in Market Cap more
- Yen Targets "Ip Man 4" for 2018 Release; Discusses Film with Director, Producer more
- "Ip Man 3" Shatters Expectations with $72M Opening [China Box Office] more