29 Jan 2014
Markets in red ahead of FOMC
FXstreet.com (Edinburgh) - Shares in the US markets are back to the red territory on Wednesday, ahead of the Fed interest rate decision due later.
Jitters on emerging markets seem to be far from over after the unsuccessful attempt both in Turkey and South Africa to tackle the depreciation of domestic currencies via aggressive rate hikes, spooking investors. At the moment, DowJones is losing 0.84% followed by the S&P500 and the Nasdaq, down 0.65% and 0.66%, respectively.
The main indices in Euroland closed in red following the disappointments in Turkey and South Africa. The sole exception was the Spanish benchmark, up 0.17% amidst pullbacks in the FTSE100 (0.43%), CAC40 (0.68%) and the DAX (0.75%). The EUR strongly rebounded from the boundaries of 1.3600 the figure, currently hovering over 1.3660/65 ahead of the FOMC statement.
Commodities are trading in a mixed tone, with the ounce troy of the precious metal up almost 1% at $1,262 and the barrel of WTI retreating 0.43% around $97.00.
Jitters on emerging markets seem to be far from over after the unsuccessful attempt both in Turkey and South Africa to tackle the depreciation of domestic currencies via aggressive rate hikes, spooking investors. At the moment, DowJones is losing 0.84% followed by the S&P500 and the Nasdaq, down 0.65% and 0.66%, respectively.
The main indices in Euroland closed in red following the disappointments in Turkey and South Africa. The sole exception was the Spanish benchmark, up 0.17% amidst pullbacks in the FTSE100 (0.43%), CAC40 (0.68%) and the DAX (0.75%). The EUR strongly rebounded from the boundaries of 1.3600 the figure, currently hovering over 1.3660/65 ahead of the FOMC statement.
Commodities are trading in a mixed tone, with the ounce troy of the precious metal up almost 1% at $1,262 and the barrel of WTI retreating 0.43% around $97.00.