The Bank of England maintains its benchmark rate at 0.5% and does not add on to its asset purchase program.
The PBOC cuts interest rates by 25 basis points.
The PBOC cuts interest rates by 25 basis points.
S&P 500 futures pop, +0.7% after the China rate cut. Europe on the move too, the Stoxx 50 +1.1%. Crude moves from red on the day to +0.3%. The Australian dollar pops 60 pips, now threatening parity with the greenback again. The rate cut was not totally unexpected as many had been anticipating a move in June
For the latest updates on the stock market, visit,
http://daytradingstock-blog.blogspot.com/
http://daytradingstock-blog.blogspot.com/