CNBC Daily Open: Hike, hold, hike
A trio of major central bank decisions dominates trading this week, but focus turns to geopolitical stains ahead of President Trump's meeting with Xi Jingping.
TL;DR
- Bank of Japan hiked rates by 25 basis points to a 31-year high.
- U.S. administration pressured Japan to continue raising rates.
- Federal Reserve also raised rates, with commentary from Fed officials expected.
- Bank of England kept rates on hold but indicated a possible future hike.
- Upcoming events include the UN General Assembly and a state visit by Chinese President Xi Jinping to Washington D.C. to meet President Trump.
- AI and trade tensions are expected to be key agenda items.
- Germany is holding state elections, and Russia is holding parliamentary elections.
- Mercari shares rose after the company restricted listings of Pokémon anniversary products due to concerns about trading disputes and user harassment.