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The Bank of Japan maintains interest rates at 0.5% amid concerns over U.S. tariffs impacting Japan’s economy. Governor Kazuo Ueda will provide insights on future rate hikes. Japan signals confidence in rising wages despite economic uncertainties. The BOJ’s next crucial meeting is scheduled for April 30-May 1. Trump’s tariffs fuel global slowdown fears.
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Shares in Japan and South Korea rose, while Australian equities slipped. Contracts for US stocks inched higher after benchmarks slid on Tuesday. Investors have slashed holdings of US equities by the most on record while cash levels jumped, according to Bank of America Corp.’s latest survey.
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U.S. stocks fell on Tuesday, snapping a two-session winning streak, due to caution ahead of the Federal Reserve’s monetary policy decision and concerns over President Trump’s tariff policies. Key indices saw declines with the Dow down 260.32 points, the S&P 500 losing 60.46 points, and the Nasdaq dropping 304.55 points.
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Oil prices fell slightly after Russia agreed to halt attacks on Ukrainian energy infrastructure, potentially easing sanctions and increasing oil supply. However, declines were limited by ongoing Middle Eastern turmoil, with U.S. aggression in Yemen, Israeli air strikes in Gaza, and mixed U.S. crude stock data.
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