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MARKETS MARCH ON U.S. stocks continued their rally, with the Dow notching a fresh high Thursday. They were boosted by falling U.S. Treasury yields, with the 10-year yield dipping below 4% for the first time since August. Europe’s Stoxx 600 index closed % higher as the Bank of England and the ECB kept rates unchanged. Source: CNBC STRONG RETAIL SALES U.S. retail sales rose 0.3% in November, rebounding from the 0.2% decline in October and defying estimates of a 0.1% fall. “The rebound in retail sales in November provides further illustration that the continued rapid decline in inflation is not coming at the cost of significantly weaker economic growth,” said Andrew Hunter, deputy chief U.S. economist at Capital Economics. Source: CNBC MAJOR CENTRAL BANKS PAUSE The European Central Bank kept interest rates unchanged at 4%, a record high for the euro zone. The central bank also trimmed its projections of the region’s economic growth for 2023 and 2024. Likewise, the Bank of England held its main interest rate steady at %, as well as the Swiss National Bank at %. But Norway’s Norges Bank unexpectedly hiked rates by 25 basis points to 4.5%. Source: CNBC 🌐 FXOpen official website: Join us on our social networks: ✅ ✅ ✅ ✅ CFDs are complex instruments and come with a high risk of losing your money. #usstocks #usstocktrading #dowjonesindustrialaverage #inflation #europeancentralbank #bankofengland
