Overview

• The Federal Reserve cut interest rates by 25 basis points, its first reduction since December.
• The pan‑European STOXX 600 rose about 0.3% in early trade, with the banks index up roughly 1.1%.
• President Donald Trump and President Xi Jinping are scheduled to speak later today about a deal to keep TikTok operating in the United States and broader tariff issues.
• Chinese equities eased ahead of the call, with Shanghai down 0.3% on the day and 1.3% for the week, while the Hang Seng gained 0.6% this week.
• The Bank of England and Bank of Japan kept policy rates unchanged, and the BoJ outlined plans to gradually sell ETFs.