Central Banks Diverging & Impact Of Higher Crude Oil On Stocks

Central banks are diverging, with Poland making a bigger than expected first cut to rates this morning, while Canada and Australia both paused this week and said they could hike again, notes Michelle Gibley. She and Kevin Gordon discuss how stocks are lower heading into the close. They talk about the impact of higher crude oil on stocks. They then go over why higher yields are hurting regional banks. Michelle also highlights that Japanese stocks are among the world’s best performing this quarter – in yen terms. Tune in to find out more about the stock market today.