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Thread: Sharp interest cuts in UK fails to cheer up the stock market!
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[quote=DREAMLIFE,343391]From today, Europe commences to cut the interest rates sharply since bad economic figures appear in all leading economies. The European central bank declares to lower 75 basis points to 2.5 percent. This is the biggest move since it established. In the UK, Bank of England decides to cut the offcial interest rates by 1 percent. But the stock market wasn't cheered up by this good news. The shares of Barclays, Lloyds and Standard Chartered reduced on Dec. 4th. CAC40 Index in France and DAX Index in Germany both decreased by 0.17 percent and 0.07 percent. Since the economic downturn is deep and prolonged, an economist says that zero per cent rates will be reached before the middle of 2009. Do you think it is possible?[/quote]
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