American equity markets advance following FOMC leak

FXstreet.com (Barcelona) - Following an otherwise premature leak of the vaunted FOMC minutes Wednesday, the US Stock markets were seen trading positively - with the S&P at all time highs. Beginning with the indices and composites, the NASDAQ rose +0.61% as it settles in region of 3257.97, up +19.90 points in these moments. In addition, the S&P 500 is trading in negative territory, operating at 1575.55, ascending +7.05 points or +0.45% at the time of writing. Finally, the Dow Jones has edged higher at the opening, trading in the zone of 14739.32, presently +0.45% after a movement of +65.86 points.

Sectors are mostly positive at the opening, with the exception of the Basic Materials sector, which has distinguished itself as main loser thus far, falling -0.13%. In other news, the price of crude has settled above USD $93.94/bbl Wednesday.

Apr 10, 2013

Commodities Brief – Gold falls on FOMC leak, crude oil tests 94.00

Gold prices fell to daily lows Wednesday during the beginning of US trading, as the FOMC minutes were apparently leaked to lobbyists – in essence forcing the Feds hand in a move earlier than many expected. The minutes reiterated what many had perhaps already known, a general tapering off of QE by year-end. Perhaps not surprisingly, the yellow metal traded down on the news, falling to the USD $1577.76 per oz. at the time of writing.

Forex Flash: March and Q1 Chinese macro data face downside risks - Nomura

Nomura economist Zhiwei Zhang notes that according to the 21st Century Business Herald, electricity consumption growth on a year-on-year basis, may have slowed in March from 5.3% in January and February combined.