Central Banks are getting a lot of attention today. The Bank of Japan says it will keep its monetary policy steady, which includes negative interest rates. However, the BOJ says it will further ease if conditions warrant it. Meanwhile, the U.S. Federal Reserve begins a 2 day meeting today where no change in interest rates is expected. Investors sat on the sidelines ahead of the Fed, resulting in the lowest volume trading day of the year Monday. Avon (AVP) says it will move its headquarters out of the United States. The cosmetics company will shed 2500 jobs in the process. Avon has been unable to stem years of stagnating sales and a shrinking number of Avon ladies. Avon says this is not a tax inversion but rather the move to the United Kingdom is about being closer to some key operations. Several delegate rich states go to the polls today to choose Democrat and Republican candidates for president. Ohio and Florida are the biggest delegates states to vote today.
Subscribe to TheStreetTV on YouTube:
For more content from TheStreet visit:
Check out all our videos:
Follow TheStreet on Twitter:
Like TheStreet on Facebook:
Follow TheStreet on LinkedIn:
Follow TheStreet on Google+:
source
