Markets weak as they await Fed and data
The market is waiting for the release at 2 p.m. ET of the minutes from the Federal Reserve's most recent policy meeting. DailyFX strategist Ilya Spika said that European markets, which often lead Wall Street, are "treading water as markets wait to see minutes from October's FOMC policy meeting."
Investors are looking for further evidence that the central bank will continue its stimulus program into 2014, extending the huge bond-buying spree that has supported the U.S. economic recovery and helped boost stock markets to record levels. On Tuesday evening, chairman Ben Bernanke made a speech that indicated Fed support was likely to continue into 2014.
Sponsored Links
Recent posts
-
Chelsea's dream come true
21 May 2012 -
Interner Explorer is still ahead of Chrome
24 May 2012 -
Axis- A new Yahoo web browser
28 May 2012 -
Justin Bieber wanted for investigation
28 May 2012 -
Gold prices fall great opportunity for investors
28 August 2012 -
Prices of LPG likely to increase by RS 18-20/kg in the upcoming days
30 August 2012