Broadcom's share price rose 4.3% before the market closed.The yield of Italian 10-year government bonds fell to the lowest level since mid-August 2022, at 3.162%.The Canadian dollar expanded its gains to an intraday high.
The Bank of Canada cut interest rates sharply by 50 basis points, suggesting that the pace of monetary easing may be slowed down. The Bank of Canada cut interest rates sharply for the second time in a row, and suggested that policy makers are prepared to slow down the pace of monetary easing. Central bank officials, led by Tiff Macklem, the governor, cut the benchmark overnight rate by 50 basis points to 3.25% on Wednesday, which is at the high end of the neutral interest rate forecast range. However, they also hinted that after several sharp interest rate cuts, it may return to a slow pace in 2025. The latest statement removed the statement that "the borrowing cost is expected to be further reduced" in previous statements.The yield of Italian 10-year government bonds fell to the lowest level since mid-August 2022, at 3.162%.The US EIA crude oil inventory decreased by 1.425 million barrels last week, and the US EIA crude oil inventory decreased by 1.425 million barrels last week, which is expected to decrease by 901,000 barrels and the previous value decreased by 5.073 million barrels. Last week, the US EIA crude oil inventories in Cushing, Oklahoma decreased by 1.298 million barrels, and the previous value increased by 50,000 barrels.
Bitcoin exceeded $99,000/piece, up 2.49% in the day.Barclays: M&A and cooperation between banks and financial technology companies will grow.Bank of Canada Governor Mackler M: Monetary policy no longer needs to remain tight. The job market is still weakening. Officials will adopt a more "gradual" interest rate policy.