Global Markets

Broad rally lifts Wall St. to record as BoJ bumps up stimulus


NEW YORK - The Dow industrials hit a record high on Friday as stocks rallied on Wall Street after the Bank of Japan significantly ramped up its stimulus program, just days after the Federal Reserve wound down its years-long package of incentives.

Yen slammed to near seven-year low vs dollar on BoJ easing

NEW YORK - The yen plunged to a near seven-year low against the U.S. dollar on Friday, putting it on track for its worst day in 18 months, after the Bank of Japan shocked financial markets with an aggressive easing of its monetary policy.

4:03pm GMT

Global shares rally, yen slumps as BOJ ramps up stimulus

NEW YORK - Global equity markets rallied and the yen fell to a nearly seven-year low against the dollar on Friday after the Bank of Japan surprised financial markets by ramping up its massive stimulus program. | Video

3:19pm GMT

Banks boost FX settlement war chest to as much as $6.5 billion

LONDON - Major U.S. and European investment banks this month boosted to as much as $6.5 billion their collective war chest for settling with global regulators who are investigating allegations of collusion and manipulation in the foreign exchange market.

4:59pm GMT

Exclusive: Morgan Stanley commodities staff spooked by CEO comment

NEW YORK - During Morgan Stanley's public earnings call earlier this month, Chief Executive James Gorman made a remark that hit his commodities staff like a bombshell: the bank plans to further "optimize" its business of owning and trading stuff like oil, natural gas, electricity and metals.

2:16pm GMT

Investors pull back from stocks in October as Fed money-printing ends

LONDON - Equity holdings in global portfolios dipped to the lowest in more than a year in October as lingering caution about world growth and central bank policies prompted European, U.S. and British funds to trim allocations.

12:10pm GMT
World Markets

European shares rally after surprise BoJ easing

PARIS, Oct 31 - European shares surged in early trade on Friday, tracking sharp gains in Tokyo after the Bank of Japan stunned global financial markets by easing policy further.

US STOCKS-Broad rally lifts Wall St to record as BoJ bumps up stimulus

* Indexes up: Dow 1 percent, S&P 1 percent, Nasdaq 1.2 percent (Updates to midday)

European shares eye biggest weekly gain of 2014 as BoJ eases

LONDON, Oct 31 - European shares surged on Friday, on track for their biggest weekly gain so far this year, after the Bank of Japan surprised global financial markets by ramping up its massive stimulus spending.

Nikkei jumps to 7-year high after BOJ's policy shock, GPIF hopes

* Nikkei posts 7.3 pct weekly gain, 1.5 pct monthly gain * Weak yen drives exporter shares higher * Abe may use strong market performance as ammunition to stick to initial tax hike plan - traders * Kuroda taking proactive approach - analysts * Hopes GPIF will announce increase in Japan, foreign stocks help mood By Ayai Tomisawa TOKYO, Oct 31 - Japanese stocks soared to levels before the global financial crisis on Friday, after the Bank of Japan stunned markets

Hong Kong stocks end higher, Mengniu up after Danone deal

HONG KONG, Oct 31 - Hong Kong shares ended higher on Friday, reflecting strength in the Chinese market and greater risk appetite after strong U.S. growth data, leaving the market with its biggest monthly gain since July.

8:08am GMT
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