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.
Source: CNBC, Bloomberg. Disclaimer: Beansprout is providing this content for information and educational use only. Read full disclaimer here.
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