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● LIVE Updated 18d ago · 10 sources tracked

Stocks rise as SpaceX fever boosts tech; yen flat after BOJ hikes rates

Global stocks climbed Tuesday as SpaceX’s market debut and tech sector gains offset cooling Iran deal optimism. The yen remained steady against the dollar after the Bank of Japan’s rate hike to a 31-year high. Oil prices softened amid hopes for Gulf stability while Asian markets showed mixed reactions to China’s retail weakness.

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What changed

SpaceX’s IPO and its market performance now dominate tech sector gains, overshadowing earlier Iran deal-driven rallies.

Live updates

  1. Stocks rise on SpaceX IPO, yen flat after BOJ rate hike; Iran deal optimism fades

    Global stocks climbed Tuesday as SpaceX’s market debut and tech sector gains offset cooling Iran deal optimism. The yen remained steady against the dollar after the Bank of Japan’s rate hike to a 31-year high. Oil prices softened amid hopes for Gulf stability while Asian markets showed mixed reactions to China’s retail weakness.

    What's confirmed:

    • Global stocks edged higher Tuesday after a prior day’s rally fueled by a U.S.-Iran peace framework announcement.
    • The Nikkei index briefly topped 70,000 for the first time following the Bank of Japan’s rate hike.
    • The yen held steady against the dollar after the BOJ raised rates to a 31-year high.
    • Oil prices fell on optimism surrounding a potential Iran peace deal and Gulf stability.
    • SpaceX’s shares rose nearly 20% on their market debut, lifting tech sector valuations.
    • The Hang Seng underperformed due to weak China retail sales data.
    • The USD/JPY exchange rate firmed above 159.75 after the BOJ’s decision.

    Still unconfirmed:

    • Markets are adopting a 'measured tone' toward Gulf developments as initial Iran deal excitement wanes.
    confidence 92%