Overnight Update: U.S

Bell Potter


Overnight Update: U.S. stocks deepened losses after the Fed announced it will cut its monthly bond-buying program by $10 billion. Treasury prices extended a climb Wednesday after the Federal Reserve said it would continue to trim its bond-buying stimulus program, despite angst across the global markets. Gold futures settled higher. Oil futures pared their losses. U.K. stocks moved mostly lower on Wednesday. Miners moved mostly higher after upbeat production updates. European stock markets moved lower on Wednesday. London BHP up 0.08%. Rio up 1.07%. New York BHP down 0.58%. Rio down 0.40%. Base metal traded lower.

Bell Potter

Bell Potter Securities is a leading Australian stockbroking, investment and financial advisory firm that provides a comprehensive offering of financial services to a diversified client base that includes individuals, institutions and corporations.

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