Wall Street opens lower

new York US stock markets welcomed the much-anticipated Fed meeting minutes with a degree of relief. The leading indices Dow Jones and S&P 500 were at least able to limit their losses after publication.

The Dow Jones Industrial was still down around 0.25 percent on Wednesday evening, the broader S&P was a good 0.4 percent. Both had previously traded around one percent weaker. The Nasdaq technology exchange was also able to contain the interim losses of up to 1.4 percent to around 0.76 percent minus.

The biggest burden is acute inflation concerns. A slump in profits at US retailer Target weighed on sentiment. US retail data also offered no support. The Fed minutes, on the other hand, gave reason to hope that the central bank would get the inflation rate under control and not continue to raise interest rates quickly at the expense of economic growth.