"Market Highlights: Nvidia's Stock Soars, Unilever's Job Cuts, and Asia Markets Rise"

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Source: The Associated Press
"Market Highlights: Nvidia's Stock Soars, Unilever's Job Cuts, and Asia Markets Rise"
Photo: The Associated Press
TL;DR Summary

Asian markets were mostly higher as investors awaited guidance from the Federal Reserve on interest rate cuts. The Bank of Japan raised its benchmark interest rate for the first time in 17 years, leading to a rise in the U.S. dollar against the Japanese yen. Meanwhile, U.S. stock markets reached record highs, with International Paper and Unilever making significant gains. The focus is on the Federal Reserve's decision, with expectations for it to leave interest rates unchanged but possibly signaling fewer rate cuts this year. Oil prices and U.S. futures fell, and the euro rose slightly against the dollar.

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