NewsWPLG Local 10August 4, 2026Miami-Dade
Global stock markets rise and oil prices increase following U.S.-Japan currency intervention
Global stock markets are trending higher following a Wall Street rally, while oil prices have increased after a recent decline. Investors are currently evaluating the long-term impact of a joint U.S.-Japan currency intervention aimed at stabilizing the Japanese yen.
Read the full story at WPLG Local 10Why It Matters
Fluctuations in global currency values and oil prices directly influence international trade costs, inflation rates, and the purchasing power of consumers worldwide.
Key Facts
- The U.S. dollar rose to 157.80 Japanese yen, up from 157.18 yen.
- U.S. crude oil gained 15 cents to $80.49 per barrel.
- Brent crude oil increased 98 cents to $84.75 per barrel.
- The Japanese yen had previously fallen to nearly 40-year lows, trading at 160-yen levels before intervention.
- The euro value shifted slightly to $1.1513 from $1.1514.
- Oil prices had dropped more than 5% the day prior to the report.
- Brent crude prices fluctuated between $72 and $102 last month due to geopolitical tensions in the Persian Gulf.
- The German DAX index rose 0.9% to 26,232.04.
- The Nikkei 225 index finished at 63,957.53.
- The CAC 40 index added 0.3% to 8,643.50.
- The FTSE 100 index rose 0.4% to 10,897.75.
- The Kospi index gained 1.6% to 6,358.95.
- The S&P/ASX 200 index added 1.4% to 9,145.80.
- The Hang Seng index fell 0.6% to 25,852.92.
- The Shanghai Composite gained 0.3% to 3,822.28.