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Bank Rally Leads European Stocks Higher

Thursday, 19 September 2019 23:47 WIB Stoxx 600 Saham Eropa

A rally in bank stocks for the first time in four sessions lifted European shares on Thursday, after the U.S. Federal Reserve cut interest rates but set a higher bar for further reductions. European banks rose 1.4%, the most among the major sectors, also benefiting from investors rotating into underperforming stocks. Banks are the only major sector in the red so far this year. Central banks around the world have been loosening monetary policy to stem a slowdown in economic growth. Last week, the European Central Bank cut interest rates deeper into negative territory and asked governments to do more to prop up the euro zone economy. However, upbeat economic data last week has resulted in...

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A Microsoft-led rally in technology shares pushed U.S. stock indexes higher on Thursday, a day after the Federal Reserve cut interest rates as expected and left the door open for further monetary intervention. Shares of the software giant rose...

Stocks opened slightly higher Thursday, with tech shares leading gains. The Dow Jones Industrial Average rose 73 points, or 0.2%, to 27,220, while the S&P 500 gained 8 points, or 0.3%, to 3,015. The Nasdaq Composite was up 32 points, or 0.4%,...

U.S. stocks on Thursday were seen slipping as Wall Street digests the second successive rate cut of 2019 by the Federal Reserve that is intended to forestall sluggish global growth and harmful trade clashes. However, the central bank failed to...

Hong Kong stocks end with fresh losses

Thursday, 19 September 2019 15:38 WIB HONGKONG HANG SENG

Hong Kong stocks fell for a fourth day in a row Thursday after the Federal Reserve cut interest rates but investors were left guessing about the possibility of more reductions this year. The Hang Seng Index slipped 1.07 percent, or 285.17 points,...

European stocks were slightly higher Thursday morning, after the U.S. Federal Reserve cut interest rates as expected but signaled a higher threshold to further policy easings. The pan-European Stoxx 600 was up around 0.15% at 390.06 during early...

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