NewsWPLG Local 10 – Main FeedAugust 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 and a joint U.S.-Japan effort to stabilize the Japanese yen. Oil prices also saw gains after a previous decline caused by geopolitical developments involving Iran.
Read the full story at WPLG Local 10 – Main FeedWhy It Matters
Fluctuations in global currency values and oil prices impact international trade costs, inflation rates, and the purchasing power of residents in the affected regions.
Key Facts
- The U.S. dollar rose to 157.80 Japanese yen, up from 157.18 yen.
- The euro is trading at $1.1513, down slightly from $1.1514.
- 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 at 160-yen levels.
- France's CAC 40 index rose 0.3% to 8,643.50.
- Germany's DAX index rose 0.9% to 26,232.04.
- Britain's FTSE 100 index rose 0.4% to 10,897.75.
- Japan's Nikkei 225 index rose 0.3% to 63,957.53.
- South Korea's Kospi index rose 1.6% to 6,358.95.
- Australia's S&P/ASX 200 index rose 1.4% to 9,145.80.
- Hong Kong's Hang Seng index fell 0.6% to 25,852.92.
- Shanghai Composite index rose 0.3% to 3,822.28.
Who's Mentioned
personYuri Kageyama“Author of the article.”personStan Choe“AP Business Writer.”organizationBMI“A unit of Fitch Solutions that issued a report on the currency intervention.”personMatthew Ryan“Head of market strategy at Ebury.”personDonald Trump“U.S. President who commented on potential strikes against Iran.”