Global Markets Unsteady as Central Banks Hold Rates and Geopolitical Tensions Escalate
The Bank of Japan and Federal Reserve maintain interest rate policies, while conflicts in Gaza and Ukraine, Germany's fiscal expansion, and U.S. trade uncertainty roil investor sentiment.
- The Bank of Japan has kept its interest rate policy unchanged, with investors awaiting Governor Kazuo Ueda's briefing for signals on future hikes.
- The Federal Reserve is expected to hold rates steady, with traders pricing in potential rate cuts later in the year as economic projections are released.
- Israeli airstrikes on Gaza have killed over 400 people, breaking a two-month ceasefire and intensifying geopolitical tensions.
- Germany's parliament approved a historic fiscal expansion aimed at economic growth and military strengthening, pushing the euro to a five-month high.
- Gold prices remain near record highs as investors seek safe-haven assets in response to volatile markets and escalating global conflicts.