January 24, 2025 - 21:08
Asian shares experienced an upward trend on Friday, buoyed by the recent surge in U.S. stocks, which reached a new record high. The positive sentiment was further enhanced by the Bank of Japan's decision to raise its key lending rate, signaling a shift in monetary policy that could impact global markets.
Despite the optimism in Asian markets, U.S. futures showed a slight decline, and oil prices also dipped. This drop followed comments from U.S. President Donald Trump, who urged oil-producing nations to lower crude prices. Such a move is seen as a strategy to alleviate inflation concerns that have been affecting consumers and businesses alike.
Interestingly, the markets appeared largely unfazed by Trump's latest remarks regarding the potential for increased tariffs on imports from China and other countries. This lack of reaction suggests that investors may be focusing more on the positive developments in the U.S. stock market and the implications of Japan's monetary policy changes.
