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Stocks Advance with Focus on Central Banks, Tech
Central banks took mixed actions this week, with Russia cutting rates and Japan hiking, while strong chip earnings from Micron supported tech sector optimism, analysts said.
- On Friday, European stock markets steadied after solid gains in Asia as traders reacted to central bank activity and easing tech concerns.
- Policy divergence this week featured Russia's central bank cutting its rate to 16 percent, the Bank of England trimming rates, and the ECB holding steady, while below‑forecast US inflation on Thursday boosted hopes the Fed will cut next month.
- Micron Technology's shares rose by 4.3 percent, helping to soothe tech sector fears amid ongoing concerns over AI returns.
- The yen fell after the BOJ hike, prompting profit‑taking, while Brent North Sea Crude held steady at $59.82 and West Texas Intermediate at $56.01.
- In recent weeks, equity markets on Wall Street have faced pressure over AI investments, but analysts expect trading volumes and volatility to ease after a heavy week of data and policy announcements.
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20 Articles
20 Articles
European stocks ended trading higher today, following interest rate decisions by several central banks.
·Belgrade, Serbia
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Interest rate decisions from the ECB and the BoE, along with inflation data from the United States, accelerated buying in European markets.
Coverage Details
Total News Sources20
Leaning Left3Leaning Right3Center3Last UpdatedBias Distribution34% Left, 33% Center, 33% Right
Bias Distribution
- 34% of the sources lean Left, 33% of the sources are Center, 33% of the sources lean Right
34% Left
L 34%
C 33%
R 33%
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