Key facts
- Japan's central bank raised its policy rate to 1%, the highest level since 1995.
- Australia's Reserve Bank maintained its interest rate at 4.35%.
- Markets are anticipating central bank decisions from the U.S. and Sweden.
- Oil prices fell below $80 a barrel on reports of a potential U.S.-Iran deal.
- SpaceX's market value surpassed $2 trillion and it plans to acquire Anysphere for $60 billion.
Japan's central bank raised its policy rate to 1%, the highest level since 1995, while Australia's Reserve Bank held its rate steady at 4.35%. Markets are closely watching for signals from the U.S. Federal Reserve, with speculation surrounding potential rate hikes or holds. Oil prices have seen a notable decline, falling below $80 a barrel amid reports of a potential U.S.-Iran deal that could lead to the lifting of sanctions on Iranian oil. In the tech sector, SpaceX's market value surpassed $2 trillion following a rally, and the company announced plans to acquire Anysphere for $60 billion. Nvidia also tapped bond markets for $25 billion. The yen remained near 160 to the dollar, with potential for government intervention if it weakens further.