Oil Holds Gain With Russian Refining and OPEC+ Curbs in Focus
Oil held the bulk of a gain, with the impact of Ukrainian drone attacks on Russian refineries and OPEC+ supply cuts in focus.
Oil held the bulk of a gain, with the impact of Ukrainian drone attacks on Russian refineries and OPEC+ supply cuts in focus.
Japan’s real estate shares were the biggest winners on Tuesday after a widely expected move by the Bank of Japan to end its negative rates regime, with investors focusing on the dovish tone by the central bank and the inflation outlook.
The yen weakened after the Bank of Japan brought an end to the world’s last negative interest rate policy but in a way that kept financial conditions easy and data dependent.
The Bank of Japan ended the most aggressive monetary stimulus program in modern history, scrapping the world’s last negative interest rate and a raft of unconventional tools, while leaving the course of additional hikes unclear.
The yen weakened past 150 per dollar after the Bank of Japan ended the world’s last negative policy rate while keeping financial conditions easy for now. Bonds and shares both gained.
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