FED kept its policy unchanged - Wednesday Review, January 27

FED kept its policy unchanged - Wednesday Review, January 27

The American stocks slumped to their worst day in three months

The US

Stocks suffered their most significant one-day percentage drop in three months, driven by the FED's latest policy decision. USA30 fell 2.05%, while USA500 traded 2.57% lower. TECH100 dropped 2.61%.

Crude oil added 0.7%, reaching $52.95 per barrel.

Gold lost 0.3% settling at $1,844.90 per ounce.

Asia and Australia

HongKong45 added 0.15% after a flash lockdown in Yau Ma Tei's section was implemented and lifted in less than a day.

Japan225 traded 0.28% higher after the current state of emergency could allegedly be extended until the end of February.

Down under, Australia200 was down 0.78% after the economic data showed that the CPI (Consumer Price Index) rose 0.9% both quarterly and yearly in the last three months of 2020.

Europe

The markets traded mixedly as investors focused on corporate earnings, the FED, and the COVID-19 vaccine rollout, given that many countries slowed down their vaccines delivery to their populations. Germany30 traded 0.5% lower, while France40 added 0.1%. UK100 dropped 0.2%.

Brent oil closed up 0.8% at $55.09 a barrel.

EUR/USD reached 1.2147 after it lost 0.1%.

Sources: investing.com, reuters.com

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