Share Coverage
Send to KindleCategory: Stockmarket / Currency / Futures / Markets / Money and Monetary Policy / Oil and Gas
Wall St falls as Federal Reserve statement disappoints
Thursday, 28 Jan 2016 05:42:58 | Rebecca Hyam
US shares fell steeply in late trade after the Fed's latest statement about monetary policy. (Reuters)
Markets in the United States suffered some sharp falls overnight, after the Federal Reserve's latest policy statement disappointed investors.
Key points:
- Benchmark US S&P 500 share index fell 1.1 per cent
- ASX SPI 200 futures down 0.6 per cent
- Australian dollar rebounds to 70.25 US cents
The US central bank kept interest rates on hold, as was widely tipped, but there was an expectation the Fed would give some sort of clear signal it may scale back future rate rises because of the recent turmoil in global markets.
The statement said the Fed was closely monitoring global and economic financial developments, but gave an otherwise upbeat view of the US economy.
Elsewhere, US oil futures rose, after trading down as much as 4 per cent near $US30 a barrel.
The turnaround came after data was published showing a jump in weekly demand for products, including heating oil, after a cold front hit the country.
The Dow Jones Industrial Average lost 1.4 per cent to close at 15,944.
The S&P 500 gave up 1.1 per cent to 1,883 and the Nasdaq slumped 2.2 per cent to 4,468.
European shares recovered to finish higher, because of the rebound in oil prices.
In London, the FTSE 100 gained 1.3 per cent to 5,990.
Local shares are set to follow Wall Street lower and, at 8:25am (AEDT), the ASX SPI 200 was down 0.6 per cent to 4,885.
The Australian dollar was worth 70.25 US cents, having added value overnight.
On the cross-rates, it was buying 64.48 eurocents, 49.34 British pence, 83.36 Japanese yen and $NZ1.092.
West Texas crude oil had risen to $US32.27 a barrel following its rebound, a barrel of Tapis was fetching $US34.52 and spot gold had edged up to $US1,124.54 an ounce.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
