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Monetary policy decisions dominate global events today


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Join date : 2012-12-21

decisions -  Monetary policy decisions dominate global events today Empty Monetary policy decisions dominate global events today

Post by rocky on Fri 22 Jun 2018, 3:04 am

Monetary policy decisions dominate global events today

2018/06/22 02:32

(Encyclopedia of this Day News | Iraq News  ) - Direct: dominated monetary policy decisions on interest rates on global markets by the end of trading on Thursday.

Central banks

The Bank of England decided in a monetary policy statement today to stabilize the UK interest rate at the same level of 0.50%, according to analysts' forecasts.

The Swiss central bank also announced that interest rates would remain unchanged at -0.75%, while the bank raised expectations for inflation this year.

In Mexico, the situation was different as the central bank raised the key interest rate by 0.25% to 7.75%, in order to stop the local currency losses against the US dollar.

Stock Indices

US stocks fell at the end of trading as trade conflicts intensified, with the Dow Jones Industrial Average hitting the longest losing streak since March 2017, falling for the eighth session in a row.

In today's economic data, US jobless claims fell more-than-expected last week, while another revealed Philadelphia's industrial activity fell to a 19-month low.

While home prices in the US slowed more in April than analyst estimates

European stocks were not better off, as they fell at the end of trading as trade disputes with the United States continued to escalate.

 Economic data showed today, consumer confidence in the eurozone economy fell this month.

Chinese equities continued to fall sharply by the end of the day, while the Tokyo Stock Exchange closed in the green range with gains in the technology sector

Trade conflicts

India has imposed tariffs on US goods and products in response to recent US-approved tariffs on steel and aluminum.

Turkey has also decided to start imposing tariffs of $ 1.1 billion against US goods as a retaliation for Washington's decision.

In a trade dispute between the world's biggest economists, a report said China could target US companies in the Dow Jones in response to recent threats by US President Donald Trump.

For his part, the US Secretary of Commerce said tariffs imposed by the Trump administration aimed at reducing trade barriers.

In a parallel context, Trump attacked Mexico with regard to trade: "Take our money and send us drugs."

Oil and gold

Oil prices fell at the end of trading today as investors awaited the decision to "OPEC" at a meeting on Friday on production.

For his part, the Iranian Oil Minister left a meeting of oil producers today, saying that talks with Russia and Saudi Arabia is not okay.

Gold fell for the third session in a row as the US dollar fell after hitting an 11-month high.

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