Wall Street closed mainly lower, as investors were still processing the Fed’s unexpectedly hawkish view on monetary policy from Wednesday, which projected the first post-pandemic interest rate hikes in 2023. USA30 fell 0.62%, while USA500 lost 0.04%. TECH100 added 0.87%.
Crude oil fell 2.65% to $70.24 per barrel.
Gold was down 4.74% to $1,773.20 a troy ounce.
The Dollar Index was up 0.73% at 91.877.
Asia and Australia
Markets were mostly down, with traders continuing to focus on the latest US Federal Reserve policy decision that indicated a pickup in the expected pace of its asset tapering.
Japan225 slid 1.14%.
HongKong45 slipped 0.05%.
Down under, Australia200 edged 0.30% lower, even though the employment data for May was better-then-expected. The unemployment rate fell to 5.1%.
Stocks closed higher, despite the overall global caution displayed by the other markets regarding Fed’s announcement. Germany30 rose 0.11%, driven by gains in the Insurance, Retail, and Pharmaceuticals & Healthcare sectors. France40 gained 0.21%, reaching a 5-year high.
Brent oil fell 2.62%, trading at $72.44 a barrel.
EUR/USD was down 0.70% to 1.1910.
Sources: investing.com, reuters.com