The ECB cuts its benchmark lending rate by an expected 25 basis points to 0.75%
Showing little reaction to the BoE's widely expected additional QE, stock futures move higher on the PBOC's somewhat unexpected rate cut. S&P 500 +0.3%. The aussie gets its tail in the air, +0.3% to $1.0302.
The PBOC cuts interest rates, lowering the benchmark lending rate 31 basis points and the benchmark deposit rate 25 basis points.
Showing little reaction to the BoE's widely expected additional QE, stock futures move higher on the PBOC's somewhat unexpected rate cut. S&P 500 +0.3%. The aussie gets its tail in the air, +0.3% to $1.0302.
The PBOC cuts interest rates, lowering the benchmark lending rate 31 basis points and the benchmark deposit rate 25 basis points.
The FTSE 100 adds a bit to gains, +0.7% following the highly expected addition to the Bank of England's QE program. Cable is flat, buying $1.5591.
German factory orders come in better-than-expected in May at +0.6% M/M and -5.4% Y/Y vs. consensus of 0% M/M and -6% Y/Y.
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