Japan leads global stocks higher after stimulus move
Source : PTI Japan led global stock markets higher on Friday after its central bank introduced a negative interest rate policy in the latest move to overcome malaise in the third-biggest economy. The yen dived against the dollar and the euro. Britain's FTSE 100 rose 1.2% to 6,004.94 and France's CAC 40 advanced 1.4% to 4,382.73. Germany's DAX climbed 1.3% to 9,763.69. Futures indicated that Wall Street was set to extend gains. Dow futures added 1% and S&P 500 futures climbed 1.1%. The Bank of Japan said it is imposing a 0.1% fee on some deposits left with the central bank, effectively a negative interest rate. It hopes that will encourage commercial banks to lend more, rather than keeping cash at the ...
