Bank of England Cuts Rates, and Stock Markets Rise: Live Updates

Despite Europe’s strong opening, other markets signaled persistent investor jitters. Futures for gold, a traditional safe haven, edged higher. The yield on the 10-year Treasury bond fell, another indicator of investor nervousness.

Oil futures fell after Saudi Aramco, the Saudi Arabian state oil company, said it would expand production capacity without offering a time frame. The announcement signaled no let up in Saudi Arabia’s clash with Russia over oil supplies, which sent crude prices crashing earlier this week.

Gains in Europe were weakening through the morning. London’s FTSE 100 index, which had been up 1.8 percent earlier in the session, was 0.6 percent higher by midmorning. Germany’s DAX index rose 1.2 percent, and the CAC 40 index in Paris rose 1.4 percent.

In the Asia-Pacific region, Australia’s SP/ASX 200 index led the regional declines, falling 3.6 percent. Japan’s Nikkei 225 index fell 2.3 percent. Hong Kong’s Hang Seng Index fell 0.6 percent. In mainland China, the Shanghai Composite index fell 0.9 percent.

Article source: https://www.nytimes.com/2020/03/11/business/stock-market-today.html