The Aussie dollar continues to be under pressure against the U.S. dollar at the start of the U.S. session after Federal Reserve’s policy meeting notes indicated the central bank is considering reducing its bond buying program sooner than originally stated.
Join Tim Seymour on CNBC at 10:20 a.m. today, as Tim discusses a mixed bag for commodities which are tied to emerging markets fortunes, housing and construction data for the U.S. and China, and how soaring grain prices may result in export quotas to further limit supply.
Asian markets finished Tuesday trading mixed after a slew of data from around the world caused different Asian markets to perform in disparate fashion. As well, a severe storm in Hong Kong resulted in a cancelled morning trading session.
Asian markets finished mixed after Ben Bernanke’s much-anticipated press conference on the health of the U.S. economy did not have a discernible effect on Asian markets. As well, more fears over the prospects of the Chinese economy adversely affected some Asian markets.
Asian markets dropped precipitously in the first day of trading this week as global economic concerns pressured equities.
Major Asian markets finished higher in Tuesday trading as technology M&A activity appears to be on the rise. Asian markets were also boosted by rumors of monetary policy easing in both the United States and Europe.
Asian markets nudged up in Wednesday trading as hopes of stimulus from American and European governments outweighed concerns over the Spanish banking bailout and impending Greek elections.