Stocks Rise as Tariff Tensions Ebb; Euro Firms Ahead of ECB Decision
Asian stocks rose on Thursday as investors held out hope that trade tensions could ease after U.S. President Donald Trump exempted some automakers from tariffs for a month, while the euro stood tall ahead of the European Central Bank's meeting. Japanese government bonds fell sharply after German long-dated bonds were swept up in their biggest sell-off in decades, while Australian bond yields rose 12 basis points. The yield on benchmark U.S. 10 year Treasury notes rose 5 bps in Asian hours.
- This upward trend may mask underlying economic concerns, such as rising debt levels and slowing economic growth, which could undermine investor confidence if not addressed by policymakers.
- How will the ECB's interest rate decision on Thursday impact the eurozone's monetary policy stance and its potential implications for global trade and investment?