Japan’s Nikkei hits 33-year high on weak yen, US optimism | Financial Markets

2023 05 19T004431Z 439487567 RC2B11AYJIMZ RTRMADP 3 JAPAN STOCKS NIKKEI 1685336720

Japanese stock market rises to the highest level since July 1990 after the US finalises deal to raise the debt ceiling. Japan’s Nikkei share average rose to its highest level since July 1990, buoyed by optimism over a US debt ceiling deal and a weaker yen. Shares of Japanese chip-related companies continued to outperform after AI … Read more

Where do things stand as the US rolls back debt ceiling deadline? | Business and Economy News


The secretary of the United States Treasury, Janet Yellen, has said the government will run out of funds to cover its financial obligations by June 5 if the current spending limit of $31.4 trillion is not raised before then. Yellen’s announcement, which came in the form of a letter to the US Congress on Friday, … Read more