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European and Japanese stocks climb amid falling oil prices
European and Japanese stock markets rose as oil prices declined and the global bond sell-off paused temporarily, after the U.S. Federal Reserve raised interest rates by a quarter percentage point and hinted at the possibility of another increase later this year. The STOXX 600 index increased by 0.47% to 640.10 points, the German DAX rose to 25,684 points, while the Japanese Nikkei gained 0.3% to close at 64,136.25 points, and the Topix index increased by 0.8% to 4,094 points. The decline in oil, which remained above $100 per barrel despite decreasing for the second session, led to higher shares in travel, entertainment, and technology sectors, whereas European energy company shares declined. Attention is now focused on the upcoming decisions of central banks in the UK and Japan, with expectations of no change in interest rates by the Bank of England and a potential hike by the Bank of Japan.
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