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Markets

FOMC Minutes Heightened Speculations on Monetary Easing

Market sentiment was mixed yesterday as torn between negative European news flow and Fed's dovish minutes which suggested further easing is likely. Wall Street waxed and waned with the DJIA losing -0.23% while the S&P 500 gaining +0.02%. In the commodity sector, crude oil prices gained as the US dollar lost ground amid expectations of monetary easing. After gaining modestly on Wednesday, WTI crude oil climbed further higher today with the front-month contract soaring to as high as 98.17 and the Brent crude contract rising to as high as 116.01. Gold soared for a 7th consecutive day today. As speculations of further Fed easing loomed, the yellow metal appeared to have broken above recent barriers and climbed to as high as 1668.2.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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