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The US dollar held near a four-week trough against a basket of major currencies in early Asian trade on Wednesday as investors bet that any move by the U.S. Federal Reserve to roll back stimulus will be very modest.
US stocks advanced on Tuesday on expectations the Federal Reserve will make only moderate changes to its stimulus that has been highly supportive of stocks and other assets at the conclusion of its two-day meeting. (Reuters)
Asian markets held their breath on Wednesday as investors counted on the Federal Reserve to launch only a modest scaling back of stimulus later in the day, with all assets vulnerable to any hint of hawkishness from the world's most powerful central bank.(Reuters)
The US dollar held near a four-week trough against a basket of major currencies in early Asian trade on Wednesday as investors bet that any move by the U.S. Federal Reserve to roll back stimulus will be very modest.(Reuters)
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US stocks advanced on Tuesday on expectations the Federal Reserve will make only moderate changes to its stimulus.[/caption]
Oil prices were pressured as a deal averting any imminent US attack on Syria calmed fears of a disruption to Middle East supplies and after output resumed at a large oilfield in western Libya. Brent crude for delivery in November fell 43 cents to $107.76 a barrel. U.S. crude for October delivery held steady at $105.42 a barrel.(Reuters)
More from InvestingGold extended losses into a third session on Wednesday, falling about 1 percent to trade below $1,300 an ounce, with investors expecting the US Federal Reserve to announce a reduction in its bullion-friendly stimulus measures. Spot gold had fallen 0.9 percent to $1,297.76 an ounce by 0028 GMT. It earlier dropped to $1,295.24 - its lowest since August 8.(Reuters)
SGX Nifty futures was 5885, up a marginal 0.09 percent, indicating a steady open with an upward bias for the domestic markets.
Stocks in news
Infosys, after the company witnessed its sixth exit at the top level as Karthik Jayaraman quit Infosys BPO.
Ambuja Cements, after CNBC TV18 reported that Sebi has observed that for deal between the companies to go through "the agreement and the draft Scheme of Arrangement are interdependent transaction and not independent...."
GMR, after the company said it will sell 74 percent stake in road construction company for Rs 222 crore.
Economy news
Government has increased import duty on jewellery items in its bid to rein in the current account deficit.
