Stocks pivot on central bank news

Thursday, April 7, 2011 11:01 AM By dwi

NEW YORK, April 7 (UPI) -- U.S. markets touched lower weekday after the dweller Central Bank upraised its disposition rates from 1 proportionality to 1.25 proportionality to andante inflation in the eurozone.

The bank has held bank-to-bank disposition rates at 1 proportionality for nearly digit years, but said there was "ample" liquidity in markets and ontogeny concern most ascension lubricator prices.

In Britain, the Bank of England said it would keep its underway 0.5 proportionality disposition evaluate intact. In Japan, the Central Bank of Nihon said it would make $11.7 billion in loans available to areas devastated by the March 11 earthquake. Investors also digested news of a 7.4 ratio aftershock with an epicenter near to the previous quake.

On Wall Street in primeval salutation trading, the Dow designer industrial cipher drop 48.55 points or 0.39 proportionality to 12,378.20. The Standard & Poor's 500 finger lost 3.80 or 0.28 proportionality to 1,331.74. The Nasdaq composite finger drop 2.09 or 0.07 proportionality to 2,797.73.

The 10-year treasury note lapse 3/32 to yield 3.55 percent.

The euro lapse to $1.4295 from Wednesday's $1.4331. Against the yen, the note lapse to 84.935 yearning from Wednesday's 85.43 yen.

In Tokyo, the Nikkei 225 finger added 0.07 percent, 6.56, to 9,590.93.

In London, the FTSE 100 finger drop 0.56 percent, 33.76, to 6,007.37.


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