Yields on U.S. 10-year Treasury bonds fell briefly below 1.5% on Thursday after the news, but climbed back above that level by end of day. medical job interview youtubeThe dollar climbed sharply vs. the pound, but the euro didnt fall very much vs. the dollar. In general, the U.S. stock market didnt do much in terms of reaction to the BOEs move, and that may reflect the law of diminishing returns, meaning the lower rates go, the less effect it has on the economy. Continue ReadingCertainly thats been the case recently in Japan and across much of Europe, where the shift to negative interest rates doesnt appear to have been much of an economic panacea the last few months. Oil prices, which had swooned to below $40 a barrel earlier this week for the first time since April, appear to have recovered some of their horsepower, rising to nearly $42 by late Thursday before paring gains early Friday. Technically, the S&P 500 Index (SPX) had another solid day Thursday, holding support at the key level of 2159. However, the market was pretty subdued all day as investors awaited Fridays jobs report, and there was no major rally toward resistance at the 2176 area.
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