BOJ Intervention Calms Markets After Rate Hike Volatility

Global stock markets rebounded following reassurances from the Bank of Japan (BOJ) after its recent interest rate hike caused significant market volatility. The BOJ`s commitment to avoid rate hikes during market instability weakened the yen and boosted investor confidence. Despite the rebound, concerns remain about a potential economic slowdown and high valuations in the tech sector. Other notable market movements include rising treasury yields, a strengthening dollar, and losses in European companies due to disappointing earnings reports.