{"id":65640,"date":"2026-07-29T21:38:14","date_gmt":"2026-07-30T01:38:14","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/global-markets-rally-as-pboc-injects-liquidity-amid-middle-east-tensions\/65640\/"},"modified":"2026-07-29T21:38:14","modified_gmt":"2026-07-30T01:38:14","slug":"global-markets-rally-as-pboc-injects-liquidity-amid-middle-east-tensions","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/global-markets-rally-as-pboc-injects-liquidity-amid-middle-east-tensions\/65640\/","title":{"rendered":"Global Markets Rally as PBOC Injects Liquidity Amid Middle East Tensions"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>PBOC Injects 600 Billion Yuan:<\/strong> The People\u2019s Bank of China (PBOC) added <strong>600 billion yuan<\/strong> ($82.7 billion) in liquidity through overnight reverse repos to stabilize the banking system ahead of the month-end.<\/li>\n<li><strong>Middle East Escalation Impacts Energy:<\/strong> Brent crude futures surged toward <strong>$90.25\/bbl<\/strong> following reports of a missile attack on Iran&#39;s <strong>Qeshm Island<\/strong>, heightening supply disruption fears.<\/li>\n<li><strong>Global Tech Recovery:<\/strong> U.S. stock futures advanced, with <strong>Nasdaq futures climbing 1.0%<\/strong>, buoyed by a nearly <strong>9% surge<\/strong> in <a href=\"https:\/\/stockmarketwatch.com\/stock\/MSFT\" data-internallinksmanager029f6b8e52c=\"18\" title=\"Stock: MSFT\">Microsoft<\/a> (<a href=\"\/stock\/MSFT\">MSFT<\/a>) during extended trading.<\/li>\n<li><strong>Japanese Yields Hit Multi-Year Highs:<\/strong> The yield on <strong>30-year Japanese Government Bonds (JGBs)<\/strong> climbed to <strong>3.975%<\/strong>, its highest level since 2007, as the Ministry of Finance prepared for a <strong>3.8 trillion yen<\/strong> Treasury bill auction.<\/li>\n<\/ul>\n<p>The People&#39;s Bank of China (PBOC) moved aggressively on Thursday to manage short-term liquidity, injecting <strong>600 billion yuan<\/strong> into the financial system via overnight reverse repos. This operation is part of a broader plan to inject a total of <strong>2.1 trillion yuan<\/strong> through early August to smooth out month-end volatility. Simultaneously, the central bank set the yuan&#39;s midpoint at <strong>6.7892 per dollar<\/strong>, marking its strongest fixing since February 2023.<\/p>\n<p>In Japan, the <strong>Nikkei 225<\/strong> (<a href=\"\/stock\/%5EN225\">^N225<\/a>) advanced <strong>2%<\/strong>, recovering from a recent chip-led selloff. Gains were spearheaded by semiconductor equipment maker Advantest (<a href=\"\/stock\/ADTTF\">ADTTF<\/a>), which saw sharp increases following strong earnings in the sector. The market&#39;s strength comes despite rising borrowing costs, as the <strong>30-year JGB yield<\/strong> rose 4.5 basis points to <strong>3.975%<\/strong> ahead of a massive <strong>3.8 trillion yen<\/strong> auction of Treasury discount bills.<\/p>\n<p>Geopolitical tensions in the Middle East have returned to the forefront of market concerns. The Tasnim news agency reported that a missile attack struck a residential area on <strong>Iran&#39;s Qeshm Island<\/strong>, near the strategic Strait of Hormuz. While Brent crude futures initially slipped to <strong>$89.70\/bbl<\/strong> in early Asian trading, the broader trend remains bullish, with prices having surged <strong>7%<\/strong> in the previous session due to the escalating conflict.<\/p>\n<p>U.S. equity markets are poised for a strong open, with <strong><a href=\"https:\/\/stockmarketwatch.com\/indices\/sp500\/today\" data-internallinksmanager029f6b8e52c=\"3\" title=\"snp500 today\">S&amp;P 500<\/a> futures<\/strong> adding <strong>0.5%<\/strong> and <strong>Nasdaq 100 futures<\/strong> gaining <strong>1.0%<\/strong>. Sentiment was significantly bolstered by <a href=\"https:\/\/stockmarketwatch.com\/stock\/MSFT\" data-internallinksmanager029f6b8e52c=\"18\" title=\"Stock: MSFT\">Microsoft<\/a> (<a href=\"\/stock\/MSFT\">MSFT<\/a>), which reported its fastest cloud-computing growth in four years. However, the tech sector remains divided as Meta Platforms (<a href=\"\/stock\/META\">META<\/a>) fell over <strong>7%<\/strong> in post-market trading following a revenue forecast that disappointed investors.<\/p>\n<p>In regional currency and debt markets, the <strong>Taiwan overnight interbank rate<\/strong> remained steady at <strong>0.805%<\/strong>, reflecting stable local liquidity conditions. Investors are now shifting their focus to the <strong>Bank of Japan\u2019s<\/strong> upcoming policy decision and the <strong>U.S. Q2 GDP<\/strong> advance estimate, both of which are expected to provide further direction for global interest rate paths.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways PBOC Injects 600 Billion Yuan: The People\u2019s Bank of China (PBOC) added 600 billion yuan ($82.7 billion) in 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