Berliner Boersenzeitung - Global stocks mostly rise as Fed, Bank of England cut rates

EUR -
AED 3.963451
AFN 73.377977
ALL 98.142861
AMD 417.854305
ANG 1.944236
AOA 984.655294
ARS 1072.361975
AUD 1.617093
AWG 1.945053
AZN 1.832679
BAM 1.961082
BBD 2.178166
BDT 128.917212
BGN 1.953523
BHD 0.406814
BIF 3123.95483
BMD 1.079086
BND 1.431202
BOB 7.480871
BRL 6.142696
BSD 1.078806
BTN 91.02378
BWP 14.403258
BYN 3.530476
BYR 21150.09142
BZD 2.174476
CAD 1.496714
CDF 3091.582504
CHF 0.941827
CLF 0.037452
CLP 1033.419135
CNY 7.707851
CNH 7.682334
COP 4665.159833
CRC 551.174259
CUC 1.079086
CUP 28.595787
CVE 113.370932
CZK 25.251373
DJF 191.775673
DKK 7.457652
DOP 65.230434
DZD 143.929841
EGP 53.199279
ERN 16.186294
ETB 131.486254
FJD 2.441961
FKP 0.825683
GBP 0.831339
GEL 2.940492
GGP 0.825683
GHS 17.702404
GIP 0.825683
GMD 77.159927
GNF 9313.593561
GTQ 8.325423
GYD 225.689482
HKD 8.385553
HNL 27.063002
HRK 7.433858
HTG 141.92092
HUF 404.45769
IDR 16808.010024
ILS 4.014411
IMP 0.825683
INR 90.979762
IQD 1413.603049
IRR 45434.928759
ISK 148.277524
JEP 0.825683
JMD 170.729826
JOD 0.765396
JPY 165.282544
KES 139.202419
KGS 93.014457
KHR 4391.881179
KMF 492.009616
KPW 971.177424
KRW 1494.599083
KWD 0.330945
KYD 0.898988
KZT 530.24846
LAK 23669.758134
LBP 96632.177354
LKR 315.648434
LRD 204.32437
LSL 18.851379
LTL 3.186262
LVL 0.652729
LYD 5.222598
MAD 10.642992
MDL 19.347391
MGA 4979.983629
MKD 61.52707
MMK 3504.8302
MNT 3666.735267
MOP 8.63614
MRU 43.065473
MUR 50.123884
MVR 16.628753
MWK 1872.215061
MXN 21.380406
MYR 4.742591
MZN 68.958992
NAD 18.851884
NGN 1814.515568
NIO 39.694243
NOK 11.748396
NPR 145.637847
NZD 1.791564
OMR 0.415504
PAB 1.078765
PEN 4.049271
PGK 4.331416
PHP 62.86271
PKR 299.986358
PLN 4.31378
PYG 8373.474633
QAR 3.928411
RON 4.975343
RSD 116.971886
RUB 105.751427
RWF 1469.715536
SAR 4.053205
SBD 9.008026
SCR 14.823388
SDG 649.0676
SEK 11.5384
SGD 1.425074
SHP 0.825683
SLE 24.592383
SLL 22627.896652
SOS 616.157762
SRD 37.71943
STD 22334.90768
SVC 9.439423
SYP 2711.236983
SZL 18.851654
THB 36.71025
TJS 11.46726
TMT 3.776802
TND 3.35461
TOP 2.52733
TRY 37.072765
TTD 7.317505
TWD 34.582544
TZS 2902.741841
UAH 44.600522
UGX 3959.664542
USD 1.079086
UYU 44.850796
UZS 13828.490618
VEF 3909046.799786
VES 47.621085
VND 27371.023921
VUV 128.111325
WST 3.022719
XAF 657.70401
XAG 0.03199
XAU 0.000397
XCD 2.916285
XDR 0.808848
XOF 657.702449
XPF 119.331742
YER 269.609655
ZAR 18.684596
ZMK 9713.071263
ZMW 29.234654
ZWL 347.465347
  • SCS

    0.0200

    13.08

    +0.15%

  • BCC

    -0.9100

    140.85

    -0.65%

  • NGG

    0.1800

    64.3

    +0.28%

  • BCE

    -0.6700

    28.07

    -2.39%

  • GSK

    0.7600

    36.66

    +2.07%

  • BTI

    -0.2400

    35.4

    -0.68%

  • CMSD

    0.0400

    24.89

    +0.16%

  • RIO

    2.1400

    67.47

    +3.17%

  • CMSC

    0.1700

    24.68

    +0.69%

  • RBGPF

    0.3900

    61.39

    +0.64%

  • AZN

    0.8400

    64.69

    +1.3%

  • RYCEF

    -0.1700

    7.21

    -2.36%

  • JRI

    0.1200

    13.37

    +0.9%

  • RELX

    -0.0500

    47.66

    -0.1%

  • VOD

    0.0100

    9.32

    +0.11%

  • BP

    0.1300

    30.29

    +0.43%

Global stocks mostly rise as Fed, Bank of England cut rates
Global stocks mostly rise as Fed, Bank of England cut rates / Photo: Mandel NGAN - AFP/File

Global stocks mostly rise as Fed, Bank of England cut rates

Global stocks mostly rose Thursday, with US indices hitting fresh records as a Federal Reserve interest rate cut extended a post-election rally.

Text size:

While the Dow finished flat, both the S&P 500 and Nasdaq jumped to new all-time highs as the Fed shrugged off concerns about the impact of Donald Trump's election victory and moved ahead with a quarter point interest rate cut.

The central bank voted unanimously to reduce interest rates by 25 basis points to between 4.50 and 4.75 percent.

Markets were cheered by Fed Chair Jerome Powell's tone, which kept the door open to further interest rate cuts.

"Of course, there's going to be a debate about the pace of rate cuts, but policy makers and chair Powell mentioned that they continue to think that policy is restrictive," said Angelo Kourkafas, senior investment strategist at Edward Jones.

All three major indices had hit all-time highs on Wednesday as markets greeted Trump's election win with the hope that tax cuts and the scaling back of regulation would offset the hit from higher tariffs.

Analysts have cautioned that aggressive growth-oriented policies could reignite inflation.

But Powell noted there was still uncertainty about what Trump's actual economic agenda would be.

"We don't guess, we don't speculate, and we don't assume," he said at a news conference.

Large tech companies were big winners, with Apple, Google parent Alphabet and Facebook parent Meta all up more than two percent.

But banking shares pulled back after a torrid session on Wednesday. Bank of America dropped 1.4 percent, while JPMorgan Chase fell 4.3 percent.

Earlier, the Bank of England announced a widely expected 25-basis-point cut, its second reduction since August, as inflation in Britain fell below its target rate.

Sweden's central bank also dropped borrowing costs by 50 basis points, its biggest reduction in a decade, while Norway made no change.

Frankfurt stocks rose by 1.7 percent as the conservative opposition heaped pressure on German Chancellor Olaf Scholz's crisis-hit government to allow for speedy elections by calling a confidence vote next week rather than in 2025.

Christian Democrats chief Friedrich Merz made the demand after Scholz's three-party coalition imploded Wednesday over the 2025 budget and fiscal policy.

In Asia on Thursday, Chinese stocks rallied as investors brushed off concerns that China in particular would be the target of Trump's tariffs.

- Key figures around 2130 GMT -

New York - Dow: FLAT at 43,729.34 (close)

New York - S&P 500: UP 0.7 percent at 5,973.10 (close)

New York - Nasdaq Composite: UP 1.5 percent at 19,269.46 (close)

London - FTSE 100: DOWN 0.3 percent at 8,140.74 (close)

Paris - CAC 40: UP 0.8 percent at 7,425.60 (close)

Frankfurt - DAX: UP 1.7 percent at 19,362.52 (close)

Tokyo - Nikkei 225: DOWN 0.3 percent at 39,381.41 (close)

Hong Kong - Hang Seng Index: UP 2.0 percent at 20,953.34 (close)

Shanghai - Composite: UP 2.6 percent at 3,470.66 (close)

Euro/dollar: UP at $1.0801 from $1.0729 on Wednesday

Pound/dollar: UP at $1.2985 from $1.2879

Dollar/yen: DOWN at 152.92 yen from 154.63 yen

Euro/pound: DOWN at 83.18 pence from 83.31 pence

West Texas Intermediate: UP 0.9 percent at $72.36 per barrel

Brent North Sea Crude: UP 1.0 percent at $75.63 per barrel

burs-jmb/sst

(A.Berg--BBZ)