Most Asian markets ended in positive territory today. Japan’s Nikkei gained over 0.4 percent, Hong Kong’s Hang Seng index rose over 0.3 percent, China’s Shanghai Composite index added almost 0.3 percent, and South Korea’s Kospi Index increased 0.22 per cent. Conversely, Singapore’s Strait Times index slipped over 0.4 percent.
Meanwhile, major European indices were trading up in intraday trade. Germany’s DAX as well as France’s CAC 40, both were trading over 1.1 percent up and London’s FTSE added over 0.2 percent, when reports last came in. Meanwhile, the Bank of England has cut its main interest rate by a quarter of a percentage point to 4.25 percent amid concerns over the potential shock to global growth emanating from the tariff policies of the US President Donald Trump administration. Later today, the United States and Britain are expected to announce a deal to lower some of Trump’s tariffs on British exports.
Meanwhile, major European indices were trading up in intraday trade. Germany’s DAX as well as France’s CAC 40, both were trading over 1.1 percent up and London’s FTSE added over 0.2 percent, when reports last came in. Meanwhile, the Bank of England has cut its main interest rate by a quarter of a percentage point to 4.25 percent amid concerns over the potential shock to global growth emanating from the tariff policies of the US President Donald Trump administration. Later today, the United States and Britain are expected to announce a deal to lower some of Trump’s tariffs on British exports.
