Overnight: US stocks sold off further on as investors assessed a Federal Reserve statement that largely matched forecasts, but also had some Fed watchers...

Bell Potter
Bell Potter Stockbroker

Overnight: US stocks sold off further on as investors assessed a Federal Reserve statement that largely matched forecasts, but also had some Fed watchers saying a policy change could come sooner than expected. Treasury prices swung to slight losses across the board and the USD swung higher against some. Gold futures fell in electronic trading from their settlement on Comex and Oil futures settled lower, with EIA data showing a hefty increase in crude-oil supplies for a sixth straight week. The UK's FTSE inched higher for a fifth straight day of gains, as well-received earnings updates from Barclays PLC and Next PLC stoked momentum. European stock index's ended virtually unchanged overnight. London BHP up 0.15%. Rio up 0.22%. New York BHP down 0.63%. Rio down 0.89% LME Base metals traded mixed with copper adding 1%.

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