Official currency of 21 eurozone states; global reserve and trade currency
U.S. futures are little changed and equity indices show mixed moves as inflation remains a concern. Tokyo’s Nikkei edges higher on a सक— note: wait— we can't include non-English. Correction: ensure synopsis uses provided sources only: From Independent pieces: U.S. futures little changed; oil mixed; Nikkei up ~0.3; Hang Seng down; S&P 500 down 0.2; Fed minutes due; Brent around 88; Iran war; dollar movements.
Barclays is exploring a return to Japan’s cash equities market, hiring in Tokyo amid a rebound in Japanese stocks driven by governance reforms, rising profitability, and AI-driven market optimism. Barclays previously pulled back in 2016 but is now considering expanding its Japan presence, potentially pitting it against Goldman Sachs, JPMorgan, Morgan Stanley, Nomura and Daiwa.
The yen has weakened to multi-decade lows as US rates remain higher than Japan's. Intervention is being considered, but the long-running carry trade and energy costs keep downward pressure on the currency. Markets are watching potential official action and the broader implications for Japan's economy and global markets.
Marine Le Pen faces a key appeal ruling over a 2025 EU funds embezzlement conviction and a five-year ban on holding public office. The outcome could restore her bid, trim the ban, or keep her from running, reshaping the National Rally’s path to the presidency in 2027.