CNBC Daily Open: Powell emphasizes that elections won't sway Fed's policy

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe  here .

Fed cuts rates by 25 basis points 
On Thursday, the U.S. Federal Reserve cut interest rates by 25 basis points, or a quarter percentage point, bringing the target range to 4.50%-4.75%. At the Fed's news conference, chair Jerome Powell told reporters he would not resign if requested by Donald Trump, and that Trump does not have the power to fire or demote him. 

Momentum behind markets 
U.S. markets continued advancing on Thursday, propelled by postelection momentum. The pan-European Stoxx 600 index added 0.62%. Hong Kong's Hang Seng index reversed gains to drop around 0.8% after the island's central bank reduced its interest rate by 25 basis points, in lockstep with the Fed's move.

New fiscal stimulus expected from China 
China is expected to announce a new fiscal stimulus package when its parliament ends a five-day meeting on Friday.Analysts think the scale of support might be higher than initially planned because of Trump's threats of tariffs – that might go as high as 60% – on Chinese imports. 

Nissan's bad quarter 
Japanese automaker Nissan reported on Thursday that it made a net loss of 9.3 billion yen (around $62 million) during its fiscal second quarter. Operating profit, which is how much a company makes before taxes and other charges, plunged almost 85% year on year. Nissan also lowered its full-year outlook. Shares fell as much as 10% before recovering slightly. 

 [PRO] Bitcoin might hit $100,000 
Bitcoin surged to its highest price of more than $76,000 after Trump won the U.S election.