Stocks stall, yen slides as BOJ adds to growth gloom

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LONDON : World stocks were groggy on Thursday after a contraction in the U.S.economy, although Wall Street was pointing higher and the dollar sprang up as a Bank of Japan growth forecast cut blamed on U.S.trade tariffs yanked the yen lower.

Saxo Bank's John Hardy said the moves went right to the heart of recent questions about whether U.S.

May Day public holidays around the world, including much of Europe, meant trading was thin but that didn't make it any less interesting.Despite the Q1 U.S.

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Article Details

Category: EconomyBusiness

Markets: SingaporeJapan

Topics: World Year Europe Trade Drop Recent Bank Markets Japan Hardy Data

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-01 @ 17:26:06 (14 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 536 words

Reading Time: 3 minutes read

Sentences: 30 lines

Sentence Length: 18 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 28308934

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