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Swiss Equities Rise as Japan Faces Inflation Pressure and Currency Fluctuations
Swiss equities have stabilized, with financial stocks and the consumer sector showing strength, led by UBS, Logitech, and Givaudan, while Swatch and Lonza lag behind. In Japan, wholesale prices have risen for three consecutive months, driven by increased costs in food, non-ferrous metals, and plastics, prompting speculation of a potential interest rate hike by the Bank of Japan in December.
global markets react to inflation pressures and currency fluctuations
Japan's wholesale prices have risen for three consecutive months, driven by increased costs for food, non-ferrous metals, and plastics, prompting speculation of a potential interest rate hike by the Bank of Japan in December. Meanwhile, the dollar has seen mixed performance against Asian currencies, losing ground to the yen but gaining slightly against the yuan and Swiss franc. The euro remains stable against the dollar while appreciating slightly against the franc.