Bourses in red as FOMC minutes loom, EUR softer

FXstreet.com (Edinburgh) -The main European indices are trading on the defensive side on Wednesday, as jitters remain on the timing of the Fed’s scaling back its monthly bond purchases. The cautious tone amongst investors would dominate the markets ahead of the release of the FOMC minutes this evening in Europe. The FTSE100 is leading the pullbacks, down 0.64% and followed by the IBEX35 and the DAX, losing 0.40% and 0.26%, respectively. The single currency is meandering around the lower end of today’s narrow range, hovering over 1.3390/95.

Asian markets closed in a mixed tone, as traders kept the focus on the FOMC minutes. The NIKKEI225 trimmed recent losses advancing 0. 21%, seconded by the Shanghai, up 0.02%. On the other hand, the Hang Seng dropped 0.69% and Singapore 0,63%.