The Effects of a Month of Negative Rates in Japan (News: 14/03/16)

The Bank of Japan shocked markets in January with negative rates. The policy had immediate effects on financial markets, even

Today's Press

  • European shares followed Asian stocks higher on Monday, adding to gains chalked up after last week's stimulus package from the European Central Bank, while oil prices fell as Iran dashed prospects of a quick deal to freeze output.

  • The Bank of Japan shocked markets in January with negative rates. The policy had immediate effects on financial markets, even before it actually started on February 16.

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  • A Federal Reserve meeting tops a busy week of economic news that includes reports on retail sales, housing, industrial production and inflation. While the Fed is expected to stand pat on interest rates for a second straight meeting, it could signal how much a recent upturn in financial markets has affected its plans and whether an April or June hike is in the offing.

Next Trading Day's Important Events

Forex Quotes:

  • USDJPY: 113.62
  • EURUSD: 1.1129

Indices:

  • S&P 500: 2,022.19
  • NASDAQ : 4,748.47
By: Natalya Indeeva
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