Swiss Rate Cut and BoE Hold Add to Gloomy Global Market Sentiment
From Investing.com: 2025-06-20 02:02:00
The Israel-Iran conflict dominated headlines yesterday as US markets hit new highs before retracting. Energy commodity prices rose nearly 1%. North American session flows were subdued amid deteriorating sentiment. The White House announced President Trump will decide on US involvement within two weeks. European markets saw rate decisions from the SNB, cutting rates to 0%, and the Norges Bank, holding rates at 4.25%. Global stock indices fell about 1%, with gold and wheat top performers due to Russian supply concerns. Cryptocurrencies were mostly down, with range-bound trading. Forex saw European currencies leading and the Dollar Index closing below 99.00. Today’s economic calendar is light, with UK and Canadian data releases expected. Watch for weekend risk flows and stay informed to avoid volatile market moves.
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