Thursday, 12 December 2013
U.S. stocks posted their largest drop in a month on Wednesday as traders locked in recent gains after a provisional budget deal out of Washington removed one of the near-term reasons for the Fed to keep up its current pace of economic stimulus.
U.S. Treasury debt prices fell on Wednesday as the market built in a price concession for the Treasury's $13 billion 30-year bond auction on Thursday, the final leg of the three-part $64 billion sale of government debt this week.
Britain's top share index ended slightly lower on Wednesday with a provisional budget deal in Washington raising concerns of a reduction in U.S. stimulus as early as next week.
The yen held firm in Asia on Thursday, having risen broadly on the back of a slump on Wall Street as expectations grew the Federal Reserve could scale back stimulus as early as next week.
London copper on Thursday fell back from one-month highs hit the day before, with traders taking profits from a four-session winning streak, but tight physical supply underpinned prices.
U.S. gold futures for February delivery settled down $3.90 at $1,257.20, with trading volume about 30 percent below its 30-day average, preliminary Reuters data showed.
Wednesday, 11 December 2013
Asian share markets look set for another indecisive session on Wednesday as investors booked profits on a range of once-crowded positions, sending the dollar and Wall Street lower.
U.S. Treasuries prices rose on Tuesday as traders covered short positions and portfolio managers, tempted by yields near the high end of the range, extended duration going into year-end.
U.S. stocks slipped on Tuesday, a day after a record close on the S&P 500, with traders looking ahead to next week's Federal Reserve meeting in the absence of market-moving economic data.