Overnight: US stocks turned lower as disappointing earnings from Dow heavyweights outweighed news that China's central bank injected liquidity into the...

Bell Potter

Stockbroker

Overnight: US stocks turned lower as disappointing earnings from Dow heavyweights outweighed news that China's central bank injected liquidity into the financial system. Treasury prices edged mostly lower as the haven government debt market priced in the Federal Reserve's continued wind-down its $85 billion in monthly bond-buying. The dollar rose against the yen as a lack of major economic data scheduled for release turned the focus to potential action at the next Federal Reserve meeting. The U.K.'s FTSE 100 index traded in tight ranges, with shares of Unilever providing support after a well-received earnings report, while miners added pressure as iron-ore prices declined. European stock markets pushed toward their highest close in six years after the People's Bank of China provided a short-term liquidity injection to commercial banks. London BHP down 1.70%. Rio down 3.13%. New York BHP down 1.25%. Rio down 3.34%. Base metal traded mixed.


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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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