European and US stock markets mostly rose on Thursday after the European Central Bank and Bank of England raised interest rates, joining the US Federal Reserve in moving once again to cool sky-high inflation."While the tone of both press conferences would appear to suggest that both central banks have further to go in raising rates, markets appear to be taking the view that we're near a peak as far as rates are concerned, and even if they aren't done yet, they are close, sending bond yields fall
Australia will remove the British monarch from its banknotes, replacing the late Queen Elizabeth II's image on its $5 note with a design honouring Indigenous culture, the central bank said Thursday.The Reserve Bank of Australia (RBA) said it would consult Indigenous people on a new design that "honours the culture and history of the First Australians".
Wall Street stocks rallied Tuesday on mostly good corporate earnings after a mixed session in overseas markets ahead of key central bank decisions."For the most part earnings have been interpreted as pretty good," said Steve Sosnick of Interactive Brokers.