Market Comment | Banking sector and rebound in sovereign yields dragged equity markets

Summary

Japan’s fiscal stimulus package was officially approved, with a total amount of ¥28tn, although the current new government spending is ¥6.2tn of which ¥4.6tn (0.9% of GDP) will fall in the current fiscal year, expecting to boost the weak indicators of the Japanese economy. The yen appreciated significantly today (+1.51%) and the yield curve rose […]

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