Stocks mixed as US, EU policymakers leave rates unchanged


Investors monitors stock prices at a brokerage in Beijing on Thursday, Dec. 12, 2019. 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 Thursday trading. (AP Photo/Ng Han Guan)

This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated.

TOKYO (AP) — Global shares were mixed Thursday 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 Thursday, 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% 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 Thursday 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% 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% higher to finish at 23,424.81, while Australia’s S&P/ASX 200 lost 0.7% to 6,708.80. South Korea’s Kospi jumped 1.5% to 2,137.35. Hong Kong’s Hang Seng was up 1.3% at 26,994.14, while the Shanghai Composite stood at 2,915.70, down 0.3%.

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.

Copyright 2020 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

CBS47 On Your Side

Do you have a problem that you need help solving? Contact CBS47 and let us be On Your Side.

Phone: 559-761-0383

Images from Armenia

Small patients in Armenia
Yerevan by night.
Dr. Jeff Thomas delivers.
Dr. Jeff Thomas delivers in Gyumri.
Doctors unpack medical supplies from The Central Valley.
Fresno Medical Mission at work.
Medical Supplies being unloaded.
Fresno Medical Mission at the ready.
KSEE24 crew witnesses the miracle of life in Gyumri, Armenia.
Life saving work of Central Valley surgeons in Armenia.
Ribbon cutting on new surgical center in Ashtarak Armenia. Fresno donors made this dream come true.
KSEE24 on assignment with the Fresno Medical Mission
Honorary Consulate to Armenia Berj Apkarian explains the crisis facing one hospital.
KSEE24's Stefani Booroojian and Kevin Mahan at the meeting with President Bako Sahakyan.
Medical Meeting in Artsakh.
The President of Artsakh meets with the Fresno Medical Mission.
Learning modern medicine techniques with the Fresno Medical Mission in surgery.
Leaning in for a look. Dr. Brien Tonkinson holds class and helps a patient in Armenia.
Fresno Medical Mission cares on one of the smallest patients in the region. Six-year old Yanna receives life-changing better breathing surgery.