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Stock impact report

SNB Surprises With Rate Cut, Moving Ahead of ECB and Fed [Yahoo! Finance]

Nomura Holdings Inc ADR American Depositary Shares (NMR) 
US:NYSE Investor Relations: nomuraholdings.com/investor
Company Research Source: Yahoo! Finance
Most Read from Bloomberg Baltimore Wants to Sell Hundreds of Vacant Homes for $1 Each Sam Bankman-Fried Says 50-Year Sentence Only Suitable for a ‘Super Villain' Justice Department to Sue Apple for Antitrust Violations as Soon as Thursday Trump Rules Out Vivek Ramaswamy as Running Mate as He Eyes New Team Fed Signals Three Rate Cuts Are Still Likely, Despite Inflation Uptick Officials in Zurich lowered their benchmark to 1.5%, the first such reduction for one of the world's 10 most-traded currencies since the pandemic abated. While some investors were betting on such a cut, most economists predicted the rate would stay unchanged at least until June. The franc tumbled after the decision, falling 1% against the euro to its weakest level since July 2023. It dropped 1.2% against the dollar to a fresh four-month low. “The easing of our monetary policy has been made possible because the fight against inflation over the past 2 1/2 years has been effective,” President Thomas Show less Read more
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