Global stock markets rally after surprise US rate cut in response to coronavirus outbreak

From Google: 2024-09-19 06:09:41

Stock markets around the world rallied after the US Federal Reserve announced a surprise interest rate cut of 0.5%. The move is aimed at boosting the economy in the face of the coronavirus outbreak. The FTSE 100 in London rose by 1.1%, while the DAX in Frankfurt and the CAC 40 in Paris both gained over 2%. The Dow Jones Industrial Average in the US jumped by 3.5%, and the S&P 500 also surged by 4.2%. However, analysts warned that the rate cut may not be enough to offset the economic impact of the virus.



Read more at Google: Stock markets rally after jumbo US rate cut – Yahoo Finance UK