Stocks near record highs, Sweden ends negative rates

  • 📰 Reuters
  • ⏱ Reading Time:
  • 43 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 97%

Business News News

Business Business Latest News,Business Business Headlines

World stocks drifted down from the week's record highs on Thursday, while t...

for the second session despite trade optimism. Australian shares ended 0.3% lower, led lower by mining stocks.

In Sweden, the central bank raised its key rate to zero after five years in negative territory. Economists wondered whether Sweden’s hot-running economy would react badly and whether other sub-zero rate central banks in the euro zone, Japan, Denmark, Switzerland and Hungary would follow suit.“At the end of the day, this market doesn’t look at macro and earnings, it just looks at monetary developments,” said Stéphane Barbier de la Serre, macro strategist at Makor Capital Markets.

Against the euro, it stood at 84.94 pence EURGBP=D3, close to its weakest since Dec. 4. [/FRX] British inflation remained at a three-year low in November, data had showed on Wednesday.Germany’s benchmark 10-year bond yield crept towards the six-month highs it touched last week, with bond traders focussed on the day’s central bank meetings.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

European stocks seen slightly lower on revived no-deal Brexit fearsEuropean stocks were seen slightly lower on Wednesday following U.K. Prime Minister Boris Johnson's vow to block an extension of EU trade talks beyond 2020, reviving fears of a 'cliff-edge' Brexit. What we need here....is some China talks going well Phase 2 optimism.
Source: CNBC - 🏆 12. / 72 Read more »

Stocks making the biggest moves after hours: FedEx, Cintas, Steelcase and moreStocks making the biggest moves after hours: FedEx, Cintas, Steelcase & more
Source: CNBC - 🏆 12. / 72 Read more »

Beyond Meat among the stocks set to benefit from ongoing pork shortage, Bernstein saysAs African Swine Fever rages on, consumers might begin to favor plant-based alternatives like Beyond Meat, according to Bernstein. Processed food belongs to the garbage, no matter plant or animal based. Eat real foods with one ingredient. Really? The Chinese are going to buy beyond meat? Nonsense
Source: CNBC - 🏆 12. / 72 Read more »

Stocks rise on Wall Street as rally stretches to fourth dayStocks closed broadly higher on Wall Street on Monday.
Source: latimes - 🏆 11. / 82 Read more »

Stocks making the biggest moves after hours: Micron, Herman Miller, PG&E and moreSee which stocks are posting big moves after the bell on Wednesday.
Source: CNBC - 🏆 12. / 72 Read more »