- Role of government, poverty research tipped for economics Nobel
- 'Stolen satire' feeds US election misinformation
- Rookie McCarty captures first PGA Tour title in Black Desert Championship
- Australia all-rounder Green ruled out of India Test series
- Seeing double in Nigeria's 'twins capital of the world'
- UK FM to attend EU foreign affairs talks for first time in 2 years
- Carter, Billups among 13 new Basketball Hall of Fame inductees
- Ravens rip Commanders as Lions lose NFL sacks leader in win
- Hezbollah drone strike kills four, wounds dozens at Israeli base
- China says launches military drills around Taiwan
- Stewart leads Liberty past Lynx to level WNBA Finals
- England return to winning ways in Nations League, Austria thrash Norway
- UN chief says attacks on UNIFIL 'may constitute a war crime'
- Ravens outlast Commanders while Bucs batter Saints in NFL
- Dozens hurt in Israel as Hezbollah claims drone strike
- England deserve 'world class' coach: Carsley
- Burkina Faso win to become first qualifiers for 2025 AFCON
- AC Milan's Pulisic among five out for USA match in Mexico
- France's Amandine Henry retires from international football
- Centre-left set to win pro-Ukraine Lithuania's vote
- India's World Cup hopes in Pakistan hands after Australia defeat
- Zelensky says NKorea sending troops to Russian army
- England beat Finland to get back on track
- King and Lewis propel West Indies to T20 triumph over Sri Lanka
- Pre-Halloween 'Terrifier' lands atop North America box office
- 'I still plan to compete and play next season,' says Djokovic
- Harris, Trump seek advantage in knife-edge election battle
- Chepngetich shatters women's marathon world record in Chicago
- Kamindu and Asalanka power Sri Lanka to 179 against West Indies
- Chepngetich shatters women's marathon world record as Korir wins in Chicago
- Spain send injured Yamal home 'to prioritise player's health'
- In milestone, SpaceX 'catches' megarocket booster after test flight
- Iraq walks fine line with pro-Iran factions to avoid war
- Race four abandoned after New Zealand breeze into 3-0 lead in America's Cup
- West Indies win toss, put Sri Lanka in to bat in first T20
- Sudan rescuers say air strike killed 23 in Khartoum market
- Netanyahu tells UN to move Lebanon peacekeepers out of 'harm's way'
- Bangladeshi Hindus defy attack worries to celebrate festival
- Kiwis three up in America's Cup as Ineos pay for time penalty
- In a first, SpaceX 'catches' megarocket booster after test flight
- Dominant England crush Scotland at Women's T20 World Cup
- Dropped: The rise and fall of Pakistan batting maestro Babar Azam
- Israel fights Hezbollah on the ground, pounds Lebanon from the air
- Sabalenka outlasts local hero Zheng to win third Wuhan Open title
- Bangladeshi Hindus shrug off attack worries to celebrate festival
- Former Pakistan captain Azam dropped for second England Test
- 'Opportunist' Dupont dazzles on Toulouse return
- Australia replace injured Vlaeminck with Graham at Women's T20 World Cup
- Sinner wins Shanghai Masters to deny Djokovic 100th career title
- Ubisoft fears assassin's hit over falling sales
Dow closes at another record as yen falls on Bank of Japan move
US stocks pushed further into record territory on Tuesday as investors bet on 2024 interest rate cuts, while the yen slid after the Bank of Japan maintained its ultra-loose monetary policy.
The Dow finished at a fifth straight record, piling on another 0.7 percent amid bullish investor sentiment and optimism about easing US monetary policy.
"It looks like we are getting the year-end rally that we were hoping for," said Jack Ablin, chief investment officer for Cresset Asset Management.
US and European stock markets have rallied in recent weeks to set record highs on rising expectations that central banks will begin next year to cut interest rates that they had hiked to stifle inflation.
While US Federal Reserve officials on Monday tried to temper predictions about the sharpness of a pivot in monetary policy, US bond yields slid indicating market expectations that rates will fall.
European stocks ended the day in positive territory as European bond yields also fell, while Asian stocks were mostly higher.
- Bank of Japan -
The Tokyo stock market closed up more than one percent and the yen sank against the dollar after the Bank of Japan (BoJ) opted to stand pat on monetary policy, as expected, and provided no guidance on its plans for the new year.
Speculation had been swirling in recent days that the BoJ was close to shifting away from its long-running, ultra-loose monetary policy as inflation picks up in Japan.
Elsewhere on Tuesday, oil prices added to Monday's rally on companies suspending transit via the Red Sea following attacks on cargo ships by Yemen's Iran-backed Huthi rebels in acts of solidarity with Gaza.
"While in the short term, any price shock is likely to be temporary, if the situation becomes a more permanent state of affairs, or escalates, we could see prices continue to move higher," said CMC Markets analyst Michael Hewson.
The rebels have escalated attacks on tankers and other vessels, imperiling a transit route that, according to the International Chamber of Shipping, carries up to 12 percent of global trade.
In corporate news, Nippon Steel lost almost three percent in Tokyo after saying Monday it would buy US Steel for $14.1 billion, creating the world's second-largest steel company.
Back in New York, US Steel fell 2.5 percent after three Republican senators, including Ohio's JD Vance, urged the rejection of the Nippon deal saying domestic steel production is "vital to US national security."
The letter, jointly signed by Marco Rubio of Florida and Josh Hawley of Missouri, urged the Committee on Foreign Investment in the United states to block the deal. Shares of US Steel had rocketed 26 percent higher on Monday following the agreement.
- Key figures around 2130 GMT -
New York - Dow: UP 0.7 percent at 37,557.92 (close)
New York - S&P 500: UP 0.6 percent at 4,768.37 (close)
New York - Nasdaq: UP 0.7 percent at 15,003.22 (close)
London - FTSE 100: UP 0.3 percent at 7,638.03 (close)
Paris - CAC 40: UP 0.1 percent at 7,574.67 (close)
Frankfurt - DAX: UP 0.6 percent at 16,744.41 (close)
EURO STOXX 50: UP 0.3 percent at 4,535.40 (close)
Tokyo - Nikkei 225: UP 1.4 percent at 33,219.39 (close)
Hong Kong - Hang Seng Index: DOWN 0.8 percent at 16,505.00 (close)
Shanghai - Composite: UP 0.1 percent at 2,932.39 (close)
Dollar/yen: UP at 143.89 yen from 142.78 yen on Monday
Euro/dollar: UP at $1.0979 from $1.0924
Pound/dollar: UP at $1.2727 from $1.2648
Euro/pound: DOWN at 86.25 pence from 86.36 pence
West Texas Intermediate: UP 1.3 percent at $73.44 per barrel
Brent North Sea crude: UP 1.6 percent at $79.23 per barrel
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S.F.Warren--AMWN