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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 Wednesday, American stock index futures headed south because dismal data out of China affected market sentiment, while traders waited for more developments related to the US-China trade conflict…
On Wednesday, Italian stocks led losses in the European Union right after the country's deputy prime minister told that Rome considers breaking EU fiscal rules, thus masking early revenue powered by optimism around the US-China trade conflict…
On Tuesday, another US-China tariff conflict escalation put pressure on Asian stocks, although remarks from American leader that he expects trade talks to be successful backed market sentiment…
In July, Britain's inflation rate rallied for the first time in 2018, thus leaving many UK households feeling quite squeezed by prices, soaring at nearly the same tempo as their wages…
On Friday, the evergreen buck rallied versus its counterparts after data disclosed that the American economy generated more jobs than anticipated In October, thus backing the Fed’s case to proceed with gradual rate lifts…
On Monday, gold declined because the evergreen buck managed to gain early traction, thus putting pressure on the most popular precious commodity, which has been sticking with the year’s minimums…
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