September 1, 2024

A month ago, markets were caught off guard by the fallout of a Japanese interest rate hike that sent shockwaves through the financial world, triggering a massive unwinding of the yen carry trade. The Tokyo stock market plunged 12% on that Monday, at one point dropping by a staggering 17%. Other markets followed suit, and […]

US stocks surged on Friday, with the Dow Jones Industrial Average hitting a new record high as investors closed out a turbulent month on a positive note. Traders were also digesting key inflation data closely monitored by the Federal Reserve. The Dow climbed 228.03 points, or 0.55 per cent, to finish at 41,563.08. The blue-chip