News Formal

Stock market today: Global stocks are mixed as central banks hold off on rate cuts

  • 📰 AP
  • ⏱ Reading Time:
  • 25 sec. here
  • 14 min. at publisher
  • 📊 Quality Score:
  • News: 55%
  • Publisher: 51%

Financial Markets News

China,Indonesia,General News

European markets have opened higher after a mixed day of trading in Asia. Trading was thin after U.S. markets were closed in observance of Juneteenth. The Bank of England was expected to keep its main interest rate at a 16-year high of 5.25% at a policy meeting Thursday.

People stand in front of an electronic stock board showing Japan’s Nikkei 225 index at a securities firm in Tokyo, on Thursday, June 20, 2024. A person walks in front of an electronic stock board showing Japan’s Nikkei 225 index at a securities firm Thursday, June 20, 2024, in Tokyo. A person walks in front of an electronic stock board showing Japan’s Nikkei 225 index at a securities firm Thursday, June 20, 2024, in Tokyo.

The Chinese yuan was trading at its lowest level this year, with the central parity rate set at 7.1192 yuan to the U.S. dollar, according to the China Foreign Exchange Trade System. The Chinese central bank kept its one-year lending benchmark rate unchanged at 3.45% and the five-year loan prime rate at 3.95% on Thursday. The one-year loan prime rate serves as a benchmark for most corporate and household loans, while the five-year rate is used as a peg for real estate mortgages.

 

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:

 /  🏆 728. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines

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

Stock market today: European shares open higher after retreat in AsiaShares have opened higher in Europe after a retreat in Asia.
Source: ksatnews - 🏆 442. / 53 Read more »

Stock market today: European shares open higher after retreat in AsiaShares have opened higher in Europe after a retreat in Asia.
Source: wjxt4 - 🏆 246. / 63 Read more »

Stock market today: Global stocks are mixed after Wall Street edges to more recordsGlobal stocks are mixed after U.S. benchmarks ticked to more records following the latest signs that the U.S. economy may be slowing without falling into recession.
Source: ksatnews - 🏆 442. / 53 Read more »

Stock market today: Global stocks are mixed after Wall Street edges to more recordsGlobal stocks are mixed after U.S. benchmarks ticked to more records following the latest signs that the U.S. economy may be slowing without falling into recession.
Source: wjxt4 - 🏆 246. / 63 Read more »

Stock market today: Global stocks trade mixed after Wall Street logs modest gainsGlobal shares are mixed as investors weigh data highlighting a slowing U.S. economy that offers both upsides and downsides for Wall Street.
Source: wjxt4 - 🏆 246. / 63 Read more »