Global Market Jitters: Profits Taken Ahead of Crucial Week
Asian shares lost momentum as Japanese markets retreated from record highs, with investors securing profits ahead of a critical week featuring U.S. President Trump's tariff deadline and central bank meetings. The dollar rose against the yen amid Japanese political uncertainties, influencing global and regional market indices.
Asian shares lost steam on Friday, with Japanese markets pulling back from record highs as investors secured profits before a decisive week for financial markets. The upcoming events include a key deadline for U.S. tariffs and several central bank meetings to consider.
The dollar climbed against the yen after recovering from a two-week low on Thursday. The yen faced pressure due to political uncertainties following reports of Japanese Prime Minister Shigeru Ishiba's potential resignation. Meanwhile, Japanese government bond yields hovered close to their highest levels since 2008.
On Wall Street, the S&P 500 futures rose slightly, maintaining a record overnight closing high propelled by strong earnings from Alphabet. The MSCI global stock gauge edged down but stayed near its all-time peak, boosted by optimism regarding U.S. trade deals with the EU, China, and a recent agreement with Japan.
(With inputs from agencies.)
Google News