Europe stocks gain with Stoxx 600 at record high; SNB cuts rates with more central bank decisions ahead

  • 📰 NBCNewYork
  • ⏱ Reading Time:
  • 31 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 63%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

European markets opened higher Thursday, ahead of the latest monetary policy decisions from the Bank of England and Swiss National Bank.

European markets opened higher Thursday, with investors in the region keeping an eye on the latest monetary policy decisions from the Bank of England, Norges Bank and the Swiss National Bank.hit a record high in early deals, climbing 0.9% before gains cooled slightly. Virtually all sectors were trading in the green, with mining stocks up 2% while health care fell 0.1%.its main policy rate by 0.25 percentage points to 1.

In a statement Thursday, it said monetary policy was having a tightening effect and price inflation was slowing, but that high wage growth and the depreciation of its currency through 2023 would keep inflation"elevated ahead."The SNB surprised the market with a decision to lower its main policy rate by 0.25 percentage points to 1.5%, saying national inflation is likely to stay below 2% for the foreseeable future.

A new class of highly effective weight loss medications could deal a blow to several major Swiss food companies while benefiting others, according to Vontobel.

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:

 /  🏆 270. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

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

Over 600 Google Workers Urge the Company to Cut Ties With Israeli Tech ConferenceWIRED reviewed a letter showing hundreds of Google workers demanding the company drop its sponsorship of MindTheTech, a conference in New York this week that promotes Israeli tech companies.
Source: WIRED - 🏆 555. / 51 Read more »