BOJ Intervention Calms Markets After Rate Hike Volatility

Global stocks, particularly in Asia, rose following reassurances from the Bank of Japan (BOJ) after market turbulence caused by their recent interest rate hike. The BOJ pledged to avoid rate increases during market instability, leading to a weakening yen and boosting investor confidence. Despite this, concerns remain about a potential US economic slowdown and high tech valuations, contributing to recent market losses. Other notable market movements include rising treasury yields, a stronger dollar, and stock fluctuations for companies like Novo Nordisk and Commerzbank following their earnings reports.