August 7, 2024 2:48 PM
Global stocks rebound continues, yen slumps after BOJ talks down rate hikes
European and Asian share markets rose on Wednesday, led by another bounce in the Nikkei, as the Bank of Japan unexpectedly turned cautious on rate hikes amidst market volatility, inducing a sharp fall in the yen. Europe's broad Stoxx 600 index rose 0.8% in early trading, and Nasdaq futures were up 0.9%, having edged lower earlier in the day on a 12% dive in AI darling Super Micro Computer after it missed earnings estimates. The Nikkei's 1.2% rise followed Tuesday's 10% rally, suggesting invest...