Stock markets traded in narrow ranges Monday as investors awaited central bank decisions and earnings reports due out in coming weeks. U.S. stock markets were closed in observance of the Martin Luther King Jr. holiday. China’s central bank left its one-year loan prime rate unchanged at 4.15%, holding off on easing credit further as it uses other methods to pump up liquidity in the markets ahead of the Lunar New Year. The European central bank will make an interest rate decision later in the week. Markets are also watching for earnings reports expected in coming weeks by companies around the world.

Source: Los Angeles Times January 20, 2020 23:37 UTC