The US Federal Reserve continues to be committed to its current monetary policy
Wall Street closed in a mixed fashion as Federal Reserve Chairman Jerome Powell backed the Fed’s accommodative monetary policy stance. USA30 added 0.13%, while USA500 gained 0.12%. TECH100 fell 0.22%.
Crude oil traded 0.3% lower at $75.04 a barrel.
Gold edged up 0.2% to $1,812.55 per ounce.
Asia and Australia
HongKong45 traded 0.57% as the US warned the American companies of increasing risks of operating in the city earlier in the week.
Japan225 was down 0.31%. The Bank of Japan is due to hand down its monetary policy on Friday.
Down under, Australia200 was up 0.23% even after Sydney extended the COVID-19 lockdown for another two weeks.
Markets weakened as a jump in US inflation raised concerns that the Fed could tighten its ultra-easy monetary policies sooner than expected. Germany30 and France40 each traded 0.2% lower. UK100 dropped 0.4%.
Brent oil fell 0.2% to $76.31 per barrel.
EUR/USD added 0.1% trading at 1.1787.
Sources: investing.com, reuters.com
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