Global Markets Rebound as Bank of Japan Eases Volatility Fears
Stocks rally worldwide following BOJ's reassurance amid economic turbulence and carry trade unwinding.
- The Bank of Japan's unexpected rate hike initially triggered historic volatility in global markets.
- Stocks saw the best two-day gain since May as panic subsided and markets stabilized.
- The yen fell as BOJ indicated no further rate hikes if market instability continues.
- US economic data showed mixed signals, with a strong service sector offsetting weak manufacturing and jobs reports.
- Analysts suggest the recent selloff may be a healthy correction rather than a sign of an impending recession.













































































