Caroline Hepker

The dollar is also strengthening this morning, almost two-tenths of 1%.

The other notable move yesterday was SpaceX shares falling by 5%, first decline since the debut, since the listing of SpaceX.

So those are the markets.

That's news when you want it with Bloomberg News Now.

I'm Caroline Hepker.

And this is Bloomberg.

The Bank of Japan has raised interest rates to a 31-year high of 1%.

The BOJ hiked borrowing costs by 25 basis points to a level not seen since 1995.

Sherry-Anne is Bloomberg's editor-at-large in Tokyo.

Sherian says that the Bank of Japan also dropped a reference to borrowing costs being significantly low in its statement.

That might indicate the rate is approaching the lower range of its estimated neutral rate.

Now to the UK, which is set to impose fresh sanctions on Russia and extend further energy support to Ukraine.

A statement from 10 Downing Street said that Britain is, quote, stepping up and would directly target Russia's illicit shadow fleet, including several LNG vessels.

It comes as the UK and G7 allies look to increase pressure on the United States to bring Vladimir Putin to the negotiating table.

Ukraine's ambassador to the US, Olga Stefanovskaya,

says the time is ripe following Russia's attack on an historic cathedral in Kyiv.

That was Ukraine's ambassador to the United States, Olga Stefanashina.

The UK's latest sanctions push comes as the BBC has reported that a series of arson attacks targeting Prime Minister Keir Starmer last year have been linked to an extensive campaign of Russian sabotage.

Shares in SpaceX jumped by 20% in their second day of trading, putting the firm among the six largest public companies in the world.

The Elon Musk-run business is now worth more than $2.5 trillion.