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On Thursday, the American stock market headed south because the likelihood of US military action against Syria provoked investors' concerns about geopolitical risks for the American economy, while the protocol of the Fed's gathering made them worry about speeding up rates.
On Wednesday, American President Donald Trump warned Russia on Tweeter about Washington's forthcoming response to the alleged chemical attack in Syria’s Duma, promising that the missiles will show up and criticizing Moscow for supporting the Syrian President Bashar Assad.
Increased tension led to an increase in crude prices, as a result of which the energy sector managed to gain 1%. However, the flight from risk exerted pressure on the yield of US Treasury bonds, which led to a 1.3% decline in the financial sector.
The main indexes of Wall Street accelerated the decline after the publication of the minutes of the Fed meeting, pointing to the concern of some representatives of the regulator's management that the increase in inflation could be the reason for a faster than anticipated rate lift.
Members of the top management of the Fed unanimously voted to lift the cost of borrowing by a quarter of percentage points and also expressed confidence that the American economy will strengthen, and inflation will edge up in the coming months.
The Dow Jones concluded the trading session down by approximately 0.9% ending up with 24,189.45. As for the S&P 500 index, it slumped by 0.55% hitting 2.642.19, the Nasdaq Composite index dipped by 0.36% reaching 7,069.03.
Market participants tell they are waiting for reports of companies that can support the stock market. Such financial institutions as Banks JPMorgan Chase&Co, Citigroup Inc as well as Wells Fargo & Co are expected to report their results on Friday.
On Thursday, except the United Kingdom, European stock markets dived in the face of everlasting worries of a proliferation of trade clashes between China and America, which appear to be the largest economies around the globe…
On Thursday, stock indexes of the Asia-Pacific region came up with different directions after quite mixed signals from Wall Street that showed the absence of any fresh developments in the trade relations between China and the United States of America…
On Wednesday, Wall Street headed south in the face of an abrupt leap in trade contradictions between the United States of America and China…
On Friday, the major US currency was still steady, and the British pound dived a bit…
America’s on the verge of starting an investigation into whether thermoplastic components utilized in some Japanese as well as German vehicles sold in the country violate its patent laws or not…
On Monday, gold headed south in European trade, making its way toward a three-week minimum after American congressional leaders came to an agreement to fund the government via the fall, thus easing worries as for a shutdown of the federal government…
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