Market News Today 2019-01-31
2019-1-31 10:42 | By : Mex Group News
- The U.S. dollar turned lower on Wednesday after the Federal Reserve took a decidedly dovish turn, pledging it would be patient with further interest-rates increases, while eliminating language calling for ‘further gradual’ rate increases.
- Venezuela's President Nicolás Maduro has dismissed calls for new presidential elections ahead of fresh protests against his leadership.
- The EU's chief negotiator Michel Barnier says the Irish backstop is "part and parcel" of the UK's Brexit deal and will not be renegotiated.
- The U.S. and China are sitting down Wednesday for the first of two days of high-level talks aimed at finding a solution to a trade war that’s casting a growing shadow on both of the world’s two largest economies.
- U.S. stocks rallied Wednesday after the Federal Reserve’s unanimous decision to stand pat on interest rates.
- Gold rebounded after the Federal Reserve signaled it’s moving away from its bias just last month toward higher U.S. borrowing costs.
- Oil settled higher Wednesday, with weekly domestic crude supplies up less than expected and U.S. sanctions on Venezuela’s state-run oil company lifting U.S. benchmark prices to their highest finish in over two months.