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High interest rates and uncertainty over immigration policy discourage homeowners from selling or renovating properties


Stocks rose for a second session Thursday on easing geopolitical fears, placing the Dow Industrials on track for a narrow weekly gain.

Asian stocks climbed to a record and the dollar held its losses as global investors favored non-US assets amid policy unpredictability and geopolitical risks. Precious metals also set new all-time highs.

The BOJ also upgraded its GDP forecast for the 2025 fiscal year to 0.9%, and also raised its GDP projection for the 2026 fiscal year to 1% from 0.7%.