×

Thu. 9:06 a.m.: Stocks mixed as US, EU policymakers leave rates unchanged

An investor monitors stock prices today at a brokerage in Beijing. Asian shares are mixed after a wobbly day on Wall Street following the Federal Reserve announcement that it would leave interest rates unchanged. Japan's benchmark Nikkei 225, South Korea's Kospi and Hong Kong's Hang Seng rose in early trading today. (AP Photo/Ng Han Guan)

TOKYO (AP) — Global shares were mixed today after central banks in Europe and the U.S. said they will leave interest rates unchanged for the time being.

Investors are still waiting for a breakthrough in U.S.-China trade talks while monitoring Britain’s national election today, which will likely determine if the United Kingdom pushes ahead with its departure from the 28-nation European Union.

Britain’s FTSE 100 rose 0.5 percent to 7,252, while France’s CAC 40 and Germany’s DAX were both flat in midday trading in Europe.

Pre-market trading on Wall Street was rudderless, with Dow and S&P futures drifting between small losses and gains.

The European Central Bank left its key interest rate benchmarks and stimulus programs unchanged on today during ts first policy meeting under newly appointed president, Christine Lagarde.

That follows a similar decision by the U.S. Federal Reserve on Wednesday, which also signaled it would leave them alone through 2020.

The Fed had been expected to leave its benchmark interest rate unchanged this month after cutting it three times this year to shield the economy from slowing global growth and the fallout of U.S. trade conflicts.

Investor jitters over whether the U.S. and China will be able to avert a new escalation in their trade war has made for choppy trading this week, pulling major indexes lower.

Investors are hoping that both sides can avoid a new round of tariffs scheduled to kick in Sunday on Chinese goods that include phones, laptops and other popular products.

“The fact is the big event risk remains in place, with the world watching to see if the 15 percent tariffs kick in on $160 billion of Chinese exports on Sunday,” Chris Weston of Pepperstone said in a commentary.

Japan’s benchmark Nikkei 225 edged 0.1 percent higher to finish at 23,424.81, while Australia’s S&P/ASX 200 lost 0.7 percent to 6,708.80. South Korea’s Kospi jumped 1.5 percent to 2,137.35. Hong Kong’s Hang Seng was up 1.3 percent at 26,994.14, while the Shanghai Composite stood at 2,915.70, down 0.3 percent.

Shares rose in Taiwan but were mixed in Southeast Asia.

ENERGY: Benchmark crude oil added 30 cents to $59.06 a barrel in electronic trading on the New York Mercantile Exchange. It fell 48 cents to $58.76 a barrel on Wednesday. Brent crude oil, the international standard, gained 40 cents to $64.12 a barrel.

CURRENCIES: The dollar inched up to 108.61 Japanese yen from 108.60 yen. The euro rose to $1.1136 from $1.1130.

NEWSLETTER

Today's breaking news and more in your inbox

I'm interested in (please check all that apply)
Are you a paying subscriber to the newspaper? *
   

Starting at $2.99/week.

Subscribe Today