Stocks Rally With U.S. Futures as Surprise BOJ Easing Sinks Yen

January 29, 2016 8:15 AM

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Asian and European stocks rallied as the Bank of Japan unexpectedly stepped up monetary stimulus, triggering the yen’s steepest slide since 2014. Oil climbed after Russia’s energy minister said OPEC may meet to discuss output cuts.

The MSCI Asia Pacific Index advanced for a third day as Chinese equities pared their biggest monthly drop since 2008. Japanese bond yields fell to records and the yen weakened against all of its major counterparts after the central bank adopted a negative interest rate. Energy stocks climbed with Ma...

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