U.S. stock index futures rallied on Friday alongside most markets globally after the Bank of Japan significantly ramped up its stimulus program just days after the U.S. Federal Reserve wound down its own package of economic incentives.
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Asia dips as Japan outperforms, dollar close to highs
Asian stocks dipped on Tuesday with latest signs of slower growth in China and the euro zone dampening the mood, although Japan bucked the trend and rose to new seven-year highs on follow-through momentum generated by the Bank of Japan's surprise stimulus move last week.
Stock futures edge lower with indexes at records
U.S. stock index futures ticked lower on Monday, with investors taking a pause following a sharp rally on Friday that took the Dow and S&P 500 to record levels.
Alibaba's first earnings to test mettle, investor enthusiasm
Alibaba Group Holding Ltd's (BABA.N) first full quarterly report card to Wall Street investors on Tuesday will be scrutinized by the hopeful seeking validation for lofty stock price targets and studied by the few skeptics searching for inauspicious signs.
Dollar climbs on yen, BOJ passes baton to ECB
The U.S. dollar touched seven-year peaks versus the yen on Monday as markets basked in the afterglow of the Bank of Japan's surprise stimulus push and looked forward to at least a hint of fresh action from European policy makers this week.
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Japan's Sony Corp reported a second-quarter operating loss on Friday that was narrower than analysts had estimated, as blockbuster sales of its PlayStation 4 games console reduced the impact of a sluggish smartphone division.
Citigroup Inc (C.N) said it was setting aside an extra $600 million to cover legal expenses in the third quarter due to "rapidly evolving regulatory inquiries," while also disclosing that it was subject to foreign exchange market probes.
Japanese life insurers are looking to buy more foreign bonds in the six months to March as yields on domestic bonds have fallen to uneconomical levels due to the Bank of Japan's massive purchases as part of its monetary easing program.
Asian shares ticked higher on Friday on Wall Street's cheer after upbeat U.S. growth data, while the dollar traded around four-week highs against the yen as investors awaited the outcome of the Bank of Japan's monetary policy meeting.
Starbucks Corp's (SBUX.O) early re-launch of its popular Pumpkin Spice latte drink failed to heat up business at its U.S. cafes, disappointing Wall Street and sending the company's shares down almost 5 percent.
The dollar surged to a three-week high, bond yields rose and gold fell on Thursday after the U.S. Federal Reserve ended its six-year quantitative easing bond-buying program.
Visa Inc (V.N), the world's largest credit and debit card company, reported a better-than-expected adjusted quarterly profit as improving consumer confidence worldwide encouraged more shoppers to use plastic.
U.S. stocks edged higher on Wednesday boosted by gains in the energy sector, with traders looking forward to a statement from the U.S. Federal Reserve as it winds down its stimulus program.
Asian shares advanced to one-month highs on Wednesday, helped by Wall Street which gained on optimism over corporate earnings and prospects the U.S. Federal Reserve will reaffirm its willingness to wait longer before raising interest rates.
