Stocks are a share of the ownership of a company. If the company does well, or even if everyone thinks the company is going to do well, the price of the stock goes up. In addition, many companies give a little dividend payment each year to the stockholders, which provides extra value.
Showing posts with label ECB cuts rate less than expected. Show all posts
Showing posts with label ECB cuts rate less than expected. Show all posts

ECB cuts rate less than expected

The European Central Bank cut interest rates by a smaller-than-expected 25 basis points on Thursday, but left the door open for more cuts and promised to reveal any plans for other ways to boost the recession-bound economy next month. Thursdays decision took the main refinancing rate to a new record low of 1.25 percent and trimmed the overnight deposit rate, which now sets the floor for money markets, to just 0.25 percent.

Friday, April 3, 2009

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