World stocks drift off highs as Sweden ends negative interest rate
The pound recovers after a 3% battering, and bond yields rise, while the markets largely ignore Trump’s impeachment
19 December 2019 - 15:56
London — Bond yields rose and Sweden’s krona stayed ice cool on Thursday as the country became the first to raise interest rates out of sub-zero territory, while world stocks drifted off this week’s record highs.
It was a packed day of central bank action all round. While Sweden made its big move, Norway sat tight on rates, and sterling pulled out of a dive even as two Bank of England policy makers pushed for a UK interest rate cut...
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