Saturday 19 December 2020

Markets fall, BoJ extends pandemic programme

Markets fell on Friday.

The S&P 500 fell 0.4 percent, the STOXX Europe 600 fell 0.4 percent and the Nikkei 225 dipped 0.2 percent.

Markets were weighed down by the lack of progress in talks on US fiscal stimulus and a post-Brexit trade deal.

The Bank of Japan on Friday announced a six-month extension of its special programme aimed at easing corporate financing pressures amid the COVID-19 pandemic. Meanwhile, the yield target on the 10-year Japan government bond was set at around zero percent while the short-term interest target was set to minus 0.1 percent.

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