Kevin Buckland

The euro and bitcoin plunged while oil prices rose.

A look at the day ahead in European and global markets from Kevin Buckland

World markets were suddenly looking calmer on Wednesday as the week’s rollercoaster ride for stock markets turned into wait-and-see ahead of the Federal Reserve’s first rate meeting of the year and results from Microsoft , Meta and Tesla .

A look at the day ahead in European and global markets from Kevin Buckland

A look at the day ahead in European and global markets from Kevin Buckland

The yen strengthened and Japanese government bond yields rose to fresh multi-year highs on Friday after the Bank of Japan hiked interest rates as expected and raised its inflation forecasts, reinforcing views it will push rates up again.

European shares rose on Friday and were heading for their biggest one-week jump since September as falling bond yields, stronger-than-forecast China growth figures and upbeat earnings supported riskier assets.

Japan Prime Minister Shigeru Ishiba asked U.S. President Joe Biden to allay concerns in the Japanese and U.S. business communities over the status of Nippon Steel's planned acquisition of U.S. Steel .

A look at the day ahead in European and global markets from Kevin Buckland

A look at the day ahead in European and global markets from Kevin Buckland