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Market News Today 2019-02-21

2019-2-21 12:27 | By : Mex Group News

  • The U.S. dollar regained ground versus major rivals Wednesday, after the Federal Reserve's January meeting minutes showed that there was no consensus on how to proceed with regards to interest-rate policy.
  • In the UK, three Tory MPs have resigned from the party to join an independent group, set up by former Labour MPs.
  • Federal Reserve officials widely favored ending the runoff of the central bank's balance sheet this year while expressing uncertainty over whether they would raise interest rates again in 2019, minutes of their January meeting showed.
  • Venezuela has shut a key maritime border and grounded flights as the opposition party seeks to import foreign aid to the crisis-hit South American country.
  • A prospective deal between China and the U.S. to solve their trade dispute can't put all the burden of proof that agreements are being carried out on Beijing, former Chinese officials with experience of dealing with the U.S. said.
  • Gold prices turned negative Wednesday but remained near multi-month highs as the dollar pared losses despite the Federal Reserve signaling it was preparing to stop trimming its balance sheet later this year.
  • Wall Street closed higher Wednesday as the minutes from the Federal Reserve's January meeting suggested the central bank would continue to hold off rate hikes amid concerns over international trade and slowing domestic growth.
  • Crude oil prices remained near three-month highs Wednesday as fears that record output from U.S. shale producers next month would add to the glut in supply were offset by Saudi energy minister Khalid al-Falih's positive remarks on further production cuts from OPEC members.

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