Investing.com - Financial Markets Worldwide

Fed’s Minutes Disappoint

ByBinary Options Strategy
Published 07/12/2012, 04:49 AM
Updated 05/14/2017, 06:45 AM
Equities

Asian markets traded mixed, but the losses were limited. The Nikkei eased .1% to 8851, the Kospi declined .2% to 1826, and the ASX 200 closed down fractionally. The Shanghai Composite advanced .5% to 2175, as pharmaceutical companies surged on upbeat earnings expectations, while the Hang Seng inched up .1% to 19420.

European markets also experienced a mixed close. The CAC40 slumped .6% to 3175, while the DAX edged up .2% to 6454, and the FTSE ended flat at 5664. Burberry shares sank 7.4% after warning of a slowdown in sales, pressuring luxury goods companies.

US stocks closed lower, but were well off their session lows, as investors expressed their disappointment after the Fed’s minutes revealed no new plans of easing. The Dow declined 49 points to 12605, after dropping as much as 119 points at one point during the afternoon. The Nasdaq dropped .5% to 2888, and the S&P 500 ended flat at 1341.

HHGregg (NYSE:HGG) plunged 36.4% after cutting its outlook for the year. Shares of its competitor, Best Buy (NYSE:BBY), sank 8.4%.

Currencies
Commodity-related currencies gained on Wednesday, as the Australian dollar rose .5% to 1.0247, and the Canadian dollar advanced .3% to 1.0196. European currencies eased slightly, as the pound, euro, and Swiss franc all declined less than .1%. The yen slid .4% to 79.70.

Economic Outlook
Wholesale inventories rose .3% last month, slightly less than expected.

Latest comments

Loading next article…
Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2025 - Fusion Media Limited. All Rights Reserved.