Today, investors are waiting for FOMC minutes to understand what plans the Fed has for the near future
World stock indices fell yesterday. Many investors are closing their positions ahead of the Fed meeting, as there are concerns about changes in monetary policy amid growing inflation. The Fed representatives believe the rise in inflation is temporary, so analysts expect that there will be no change in interest rates. Inflation remains the main topic of discussion.
Against the background of uncertainty in terms of further monetary policy, many investors are shifting their assets to commodity markets. Gold and silver continue to grow.
On Tuesday, oil prices fell due to renewed fears about the demand from Asian countries where Covid-19 cases rose. This refers to India, Taiwan, Vietnam and Thailand. Also, oil prices are under pressure from rising inflation. The US Energy Department will release a report on crude oil inventories today.
The broadest index of Asia-Pacific stocks outside Japan, the MSCI, fell by 0.3%. China’s CSI300 index decreased by 0.1% and Japan’s Nikkei225 lost 1.5%. Hong Kong and South Korea are closed for the holidays.
S&P 500 (F) 4,127.83 -35.46 (-0.85%)
Dow Jones 34,060.66 -267.13 (-0.78%)
DAX 15,386.58 -10.04 (-0.06%)
FTSE 100 7,034.24 +1.39 (+0.02%)
USD Index 89.80 -0.37 (-0.41%)
News feed for: 2023.07.04
- UK Consumer Price Index (m/m) at 09:00 (GMT+3);
- Canada Consumer Price Index (m/m) at 15:30 (GMT+3);
- US Crude Oil Reserves (w/w) at 17:30 (GMT+3);
- US FOMC Meeting Minutes Release at 21:00 (GMT+3).
This article reflects a personal opinion and should not be interpreted as an investment advice, and/or offer, and/or a persistent request for carrying out financial transactions, and/or a guarantee, and/or a forecast of future events.
