Asian markets suffered a glancing blow on Thursday after the
U.S. Federal Reserve's latest policy outlook was deemed less dovish than some
had wagered on, lifting both bond yields and the dollar.
Thursday, 31 October 2013
U.S.TREASURIES
U.S. Treasuries prices traded down on Wednesday as Federal
Reserve policymakers said downside risks to the economy had lessened, a more
hawkish observation than markets had expected.
U.S.STOCKS
U.S. stocks fell on Wednesday, with the S&P 500 snapping
a four-day streak of gains after the Federal Reserve said it had a weaker
growth outlook for the economy, even as it held steady with its stimulus
program for the time being.
DOLLAR
The dollar hovered near a two-week high against a basket of
major currencies on Thursday, after extending gains when the Federal Reserve
mollified jumpy markets and kept its massive bond-buying stimulus in place
NIKKEI
Japan's Nikkei share average pulled back from a one-week
high on Thursday morning on earnings concerns, with blue-chips Toshiba Corp and
Honda Motor Co Ltd coming under pressure
after reporting quarterly results.
NYMEX CRUDE
NYMEX crude for December delivery was down 13 cents at
$96.64 a barrel by 0112 GMT, after settling $1.43 lower on Wednesday.
BRENT CRUDE
Brent crude for December delivery was off 17 cents at
$109.69 a barrel by 0241 GMT. The crude benchmark is up 1.2 percent in October.
U.S.CRUDE
U.S. crude's losses have widened its discount to Brent
CL-LCO1=R to around $13, near six-month highs reached last week.
U.S.OIL
U.S. oil futures extended their move lower for a second
consecutive day on Wednesday after government data showed large inventory
builds, further widening the domestic oil's discount to international benchmark
Brent.
LME COPPER
Three-month copper on the London Metal Exchange slipped by 0.5 percent to $7,255 a tonne by
0137 GMT, paring gains from the previous session when it climbed 1.2 percent.
COPPER
London copper fell on Thursday after the U.S. Federal
Reserve's latest outlook was seen as less dovish than some had expected, while fragile
global growth and improving supply put the metal on track for its first monthly
loss in four.
SILVER
Silver outperformed gold, ending up 0.5 percent at$22.63 an
ounce, having hit a one-month high of $23.06 earlier on Wednesday.
SPOT GOLD
Spot gold was down 0.2 percent at $1,339.55 an ounce by 0239
GMT, after falling as much as 0.5 percent.
GOLD
Gold slipped on Thursday despite the U.S. Federal Reserve
vowing to support the economy through stimulus measures, with investors taking
profits from a recent run-up in prices.
U.S.MARKET UPDATE
U.S. stocks fell on Wednesday, with the S&P 500 snapping
a four-day streak of gains after the Federal Reserve said it had a weaker
growth outlook for the economy, even as it held steady with its stimulus
program for the time being.
Trading was volatile following the release of the statement,
with the major U.S. stock indexes cutting losses to turn flat and dropping to
session lows. Almost 70 percent of stocks on both the New York Stock Exchange
and Nasdaq declined, while all 10 S&P 500 sector indexes fell.
Wednesday, 30 October 2013
ASIAN STOCKS
Asian share markets took heart from record highs in U.S.
stocks on Wednesday as investors wagered the Federal Reserve would rock no
boats at its policy meeting and leave stimulus in place for the next few months
at least.
U.S.STOCKS
U.S. stocks closed at historic highs on hopes that the Fed will
maintain its stimulus, while the dollar traded at one-week highs against a
basket of major currencies early in Asia on Wednesday.
U.S.TREASURIES
Prices for U.S.
Treasuries were mixed on Tuesday though little changed as mixed data
underscored uncertain prospects for the economy, with yields close to a
three-month low as investors sought direction.
NIKKEI
Japan's Nikkei led the way with a gain of 1.2 percent, while
Australian shares added 0.4 percent and Shanghai 0.5 percent. MSCI's index of
Asia-Pacific shares outside Japan crept up 0.3 percent.
FTSE
BP was the
top-performer on the blue-chip FTSE 100 index .FTSE, surging 5.6 percent after
the company announced forecast-beating profits, a dividend hike and plans to
sell assets.
DOLLAR
The dollar traded at
one-week highs against a basket of major currencies early in Asia on Wednesday
as investors further trimmed bearish positions ahead of the outcome of the
Federal Reserve policy meeting.
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