Stock Market Update

[BRIEFING.COM] The buzz of trading activity in the early stages of today's trading has faded a bit, yet there hasn't been much involvement from sellers. Accordingly, the indices are still tracking close to their best levels of the session.

The lack of concerted selling interest is evident in the fact that the consumer staples sector is the biggest loser and it is down just 0.4%.

Separately, the market has had a lot of central bank news to chew on today:

• The People's Bank of China left its 1-yr and 5-yr loan prime rates unchanged
• The Swiss National Bank cut its policy rate by 25 bps to 0.25%
• Sweden's Riksbank left it policy rate unchanged at 2.25%
• Brazil raised its policy rate by 100 bps to 14.25%
• The Bank of England left its policy rate unchanged at 4.50%
• ECB President Lagarde suggested the 25% tariff on imports imposed by the U.S. could subtract approximately 0.3 percentage points from euro area growth in the first year.