From “Yahoo Finance”: 2024-06-20 05:40:05

European markets opened higher on Thursday following a mixed day of trading in Asia due to U.S. markets being closed for Juneteenth. In London, the FTSE 100 gained 0.2% ahead of the Bank of England’s decision on its interest rate. The Swiss National Bank also cut its policy rate by 0.25%. Chinese yuan was trading at its lowest level this year, which complicates monetary policy efforts to boost economic growth. The People’s Bank of China maintained its lending benchmark rate, while the Chinese Central Bank reiterated their accommodative monetary policies to support the economy. Indonesia’s central bank kept its benchmark rate steady at 6.25%.



Read more at “Yahoo Finance”: Global stocks are mixed as central banks hold off on rate cuts