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19 Mar 2014
Markets drop on hawkish FOMC
FXStreet (Edinburgh) - Equities in the US trading floor are retreating on Wednesday, following the hawkish FOMC statement.
DowJones is losing 0.75% seconded by the S&P500, 0.70% and the Nasdaq, 0.71%. Fed’s Chairwoman Janet Yellen expects the QE tapering to finish this fall, while many members see the target interest rate at 1% (at least) by the end of 2015 and 2.25% by the end of 2016. The greenback, in terms of the DXY, is exulting around the psychological 80.00 handle, up from the area of 79.40.
Bourses in the Old Continent closed in a mixed tone, as market participants waited for the Fed statement. The IBEX35 advanced 0.42% followed by the DAX, up 0.37%. On the losers’ end, the FTSE100 retreated 0.49% and the CAC40, 0.12%. Bad day for the single currency, with the EUR/USD dropping over a big figure to the vicinity of 1.3810 post-FOMC gathering.
In the commodities’ space, the ounce troy of the precious metal is nose-diving over 2% around $1,330 while the barrel of WTI is up 0.70% above the $100.00 mark.
DowJones is losing 0.75% seconded by the S&P500, 0.70% and the Nasdaq, 0.71%. Fed’s Chairwoman Janet Yellen expects the QE tapering to finish this fall, while many members see the target interest rate at 1% (at least) by the end of 2015 and 2.25% by the end of 2016. The greenback, in terms of the DXY, is exulting around the psychological 80.00 handle, up from the area of 79.40.
Bourses in the Old Continent closed in a mixed tone, as market participants waited for the Fed statement. The IBEX35 advanced 0.42% followed by the DAX, up 0.37%. On the losers’ end, the FTSE100 retreated 0.49% and the CAC40, 0.12%. Bad day for the single currency, with the EUR/USD dropping over a big figure to the vicinity of 1.3810 post-FOMC gathering.
In the commodities’ space, the ounce troy of the precious metal is nose-diving over 2% around $1,330 while the barrel of WTI is up 0.70% above the $100.00 mark.