Overnight Update: US stocks moved lower after the minutes from the Federal Reserve's policy setting meeting revealed little consensus about when short term...

Overnight Update: US stocks moved lower after the minutes from the Federal Reserve's policy setting meeting revealed little consensus about when short term rates would begin to rise. Treasury prices cut their gains. USD swung higher against many of its rivals. Gold futures settled lower. Natural gas futures rallied by more than 8% as the latest US weather forecasts called for more severe cold, fuelling worries about already tight supplies. Oil futures, meanwhile, touched highs above $103 a barrel. UK stocks struggled for direction into the close on Wednesday, as investors digested a mixed round of labor market data and tried to gauge how they will impact the Bank of England's future rate decisions. European stock markets pushed into the black in the last hour of trading on Wednesday. London: BHP up 0.59% Rio up 1.39% New York: BHP up 0.55% Rio up 1.03% Base metal prices traded mixed