The mood on Wall Street was depressed at the start of the week.
(Photo: AP)
Dusseldorf US stock markets turned positive on Wednesday night, with the broad S&P 500 up 0.3 percent an hour before the close after being down 1 percent earlier. The technology exchange recovered from losses of more than one percent and was last listed unchanged. The US standard value index Dow Jones was slightly in the red.
The minutes from the January meeting of the US Federal Reserve were the trigger for the recovery. These make it clear that the Fed wants to take decisive action against rising inflation and is likely to raise interest rates in March. However, there is no evidence of a more significant increase than the 50 basis points already priced into the markets.
“The protocol offered little more than the change of course already announced,” Ian Lyngen of BMO Capital Markets told Bloomberg. The yield on the ten-year US government bond also fell slightly.
Read on now
Get access to this and every other article in the
Web and in our app free of charge for 4 weeks.
Continue
Read on now
Get access to this and every other article in the
Web and in our app free of charge for 4 weeks.
Continue