SINGAPORE – World stocks were mixed on Thursday after the U. S. Federal Reserve kept its benchmark interest rate intact and steered clear of suggesting…
SINGAPORE – World stocks were mixed on Thursday after the U. S. Federal Reserve kept its benchmark interest rate intact and steered clear of suggesting that a cut was likely this year.
As European traders returned from a May Day break, France’s CAC 40 lost 0.3% at 5,568.45 while Germany’s DAX picked up 0.4% to 12,390.04.
Britain’s FTSE 100 index rose 0.1% to 7,391.98.
Losses were capped by a private survey showing that manufacturing in the 19-country eurozone improved marginally in April.
The manufacturing purchasing managers’ index by IHS Markit was 47.9 in April, up from 47.5 in March.
Readings above 50 indicate expansion, while lower numbers indicate contraction on the 100-point scale.
