Nikkei hits new high again; Wall Street cheers possible July Fed rate cuts - Mon 30 Jun 2025
Nikkei 225 Summary Nikkei hits new high again; Wall Street cheers possible July Fed rate cuts - Mon 30 Jun 2025 Softbank Group (+4.32%) leads gainers as the AI trade gathers momentum and the Nikkei hits a new 2025 high today, extending last Friday's strong gains. Meanwhile, Wall Street closes out the month with strong gains as the S&P500 hits a new 2025 high on possible Fed rate cuts as early as July; in Fed Chair Jerome Powell’s testimony to Congress last week, he believes that rates cuts are likely if inflation does not accelerate this summer. Nikkei225 40,487.39 (+336.60 +0.84%) 157 up 64 down 4 flat JGB 10YR 1.445% (+0.015) USD/JPY 144.21 (-0.44 -0.3042%)