LONDON World shares jumped and the yen slumped on Friday after the Bank of Japan took one of its main interest rates into negative territory, its boldest step yet to re-inflate the economy.
The yield on Japanese benchmark government bonds plunged to record lows after the Bank of Japan said it would charge 0.1 percent for excess reserves and may cut rates further if necessary, an aggressive policy pioneered by the European Central Bank.
13:48 Wells Fargo Profit Falls 5.4% as Mortgage Revenue Declines24
12:23 Sterling volatile as market speculates on ‘hard Brexit’; investors await May's speech15
13:21 Bank of America profits surge on cost cuts, trading gains25
13:16 Wells Fargo earnings: 96 cents per share, vs. expected EPS of $121