World Market News of the 12 July with FXOpen #stockmarket #nasdaq #boj #usdjpy #brent #wti #crudeoil

☑️ ASIAN TECH STOCKS DROP AS YEN WHIPSAWS AFTER RALLY Asian technology stocks slumped Friday, echoing declines on Wall Street as slowing US inflation sparked a rotation out of Big Tech. The yen was volatile. A gauge of Asian tech stocks fell as much as 3.6%, with losses concentrated in Japan, South Korea and Taiwan. That came after Nasdaq 100 dropped 2.2% as inflation data supported the case for rate cuts. The yen whipsawed Friday as the BOJ conducted rate checks with traders, reinforcing the perception of Thursday’s market intervention to support the currency. Source: Bloomberg ☑️ EUROPE MARKETS REACH 1-MONTH HIGH; ERICSSON SOARS 8% European stocks started the day in the green Friday, defying a broader selloff, with fresh U.S. inflation data set to land. The regional Stoxx 600 index was up %, topping 520 — its highest level since June 12. Telecom stocks rose % led by Ericsson, which jumped 8.6% after reporting a smaller revenue decline than analysts expec