What’s moving in the markets - 15 Jun PM

Beansprout’s Daily Sprout 🌱 (15 Jun PM)

The European Central Bank raised its benchmark rate by 0.25%, following a decision by the Fed to leave rates unchanged.

HSI ⬆️ 2.17%

STI ⬆️ 0.77%

NKY ⬇️ 0.05%

What's Sprouting

🌱 Chinese stocks gained after People’s Bank of China cut a key lending rate, driving growing expectations that more stimulus is on the way. Alibaba (BABA) rose in the pre-market.

🌱Steel and mining stocks fell after Chinese economic activity in May weakened, with industrial output impacted by slowing demand domestically and abroad.

🌱Deutsche Bank fell after it warned that trading revenue could drop by a fifth this quarter.

What is on your watchlist today? Share with us in the comments!