Overnight: The US stock market had a largely muted reaction on Wednesday to the minutes from the last Federal Open Market Committee meeting, with stock indexes...

Overnight: The US stock market had a largely muted reaction on Wednesday to the minutes from the last Federal Open Market Committee meeting, with stock indexes holding on to earlier losses. Treasury prices fell, sending the 10-year yield back to 3% as the benchmark note criss-crosses that psychological barrier in one indication of the rising rate environment. The market largely shrugged off the release of minutes from the Federal Reserve's last meeting. The USD rose after data showed the private sector in December added the most jobs in more than a year, another sign of a recovery in the labour market. London stocks fell on Wednesday. European stocks held near record levels, with peripheral euro-zone markets such as Portugal and Spain continuing to rise as borrowing costs fall in those countries. London BHP -1.01%. Rio -0.78%. New York BHP -0.71%. Rio -0.23%. Base metal traded lower.