Top 5 Things to Watch Today

The Japanese yen has surged to a three-week high as the country’s stimulus measures fell short of expectations. Meanwhile, the currency is experiencing fluctuations but remains in bear market territory. Global stock markets are trading lower as investor sentiment declines. Additionally, two significant banks, Credit Suisse and Deutsche Bank, are set to be removed from the Euro STOXX 50 index. In another development, the Reserve Bank of Australia has reduced the cash rate to a historic low of 1.50%.