On Thursday, November 29, the US stock markets came under strong pressure before the start of the G-20 summit and the publication of the minutes of the Fed meeting.
As of 17:48 London time, the Dow Industrial Index fell by 145.37 points or 0.57%, the index of the largest US companies S & P 500 fell by 18.79 points or 0.68%, while the high-tech Nasdaq dropped to 70.05 item or 1.01%.
Earlier on Wednesday, US stock markets rose after Fed Chairman Jerome Powell announced that the interest rate value came close to the neutral range. Whereas only two months ago, Powell argued that the interest rate would take a long time to reach a neutral value.
Apparently, investors regarded the statements of the head of the regulator as a signal of a possible slowdown in the rate of the interest rate increase.
Today, the markets are waiting for the publication of the minutes of the November Fed meeting to understand the future plans of the US Central Bank. At the moment, most analysts predict that regulator officials will vote for tightening monetary policy for the fourth time this year.
Also, investors follow the developments in the trade conflict between the United States and China in the context of the G-20 summit, where negotiations between US President Donald Trump and Chinese leader Xi Jinping should be held.
The material has been provided by InstaForex Company - www.instaforex.com