Dow futures up 100 again after GDP, surprise BOJ decision

(From CNBC)

U.S. stock index futures indicated a mostly higher open on Friday after the Bank of Japan unexpectedly adopted a negative interest rate policy .

Bank of Japan building in Tokyo

Bank of Japan building in Tokyo

Dow futures reclaimed an earlier rise of more than 100 points after the advance read on U.S. fourth-quarter GDP showed a 0.7 percent rise. The gains came despite a 1 percent drop in Chevron (CVX)shares in pre-market trade after the firm unexpectedly posted a loss.

Yields held near earlier lows after the GDP report.

Global equities climbed after the Bank of Japan’s surprise announcement, with the Nikkei (Nihon Kenzai Shinbun: .N225) reversing mild losses to close up 2.8 percent. The Shanghai composite(Shanghai Stock Exchange: .SSEC) closed 3.09 percent higher. European stocks traded nearly 1 percent higher as of 8:06 a.m. ET. Read more

Categories: Asia Unhedged, Japan

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