FED:AAP Markets Report on Thursday MARKETS WRAP FINAL
SYDNEY, Sept 19 AAP - Markets Report on Thursday:
INDEX MOVE CLOSE Dow Jones 147.21 15676.94 S&P500 20.76 1725.52 Nasdaq 37.942 3783.641 FTSE100 -11.35 6558.82 Dax 39.11 8636.06 CAC40 24.89 4170.4 Shanghai 6.29 2191.85 Hang Seng -63.07 23117.45 Nikkei225 193.69 14505.36 NZX 50 5.803 4703.83 S&P/ASX200 -13.1 5238.1 All Ords -14.8 5230.4 SPI Contract* 61 5305 CURRENCIES*: CLOSE AUD/USD 0.9497 EUR/USD 1.3505 USD/YEN 98.17 NZD/USD 0.8357 METALS: MOVE CLOSE Gold/$USoz -1.80 1307.60 Silver/$USoz -0.22 21.564 Copper/$USlb .0555 3.2785 LME/$UStonne: MOVE 3MTHS Copper 109.00 7184 Tin 50.0 22995 Lead 29.00 2071 Zinc 9.5 1870 Aluminium 7.5 1785 Nickel 100 13930 OIL: MOVE CLOSE Brent Crude 2.41 110.60 WTC Crude/$Usbrl 2.65 108.07 * still trading ** preliminary close
(Gold, silver and copper are December contract; Brent oil is November; WTI is October contract) Sourcedata: Reuters/Dow Jones
NEW YORK - US stocks soared to all-time closing highs after the Federal Reserve left its huge monetary stimulus in place.
The Dow Jones Industrial Average jumped 147.21 points (0.95 per cent) to 15,676.94, 18 points above the previous record set on August 2.
The broad-based S&P 500 surged 20.76 points (1.22 per cent) to 1,725.52, besting the previous high, also hit on August 2, by nearly 16 points.
The tech-rich Nasdaq Composite Index rose 37.94 (1.01 per cent) to 3,783.64.
All three indices had been trading down before spiking upward after the Fed's 1800 GMT (0400 Thursday AEST) policy statement.
The Fed surprised markets by deciding against winding back its $US85 billion ($A91.33 billion) per-month bond-buying program.
LONDON - Most European stock markets advanced, with Frankfurt setting a new record high, despite anxiety ahead of the US Federal Reserve's expected announcement on its economic stimulus program.
While London's benchmark FTSE 100 index slid 0.17 per cent to 6,558.82 points, Frankfurt's DAX 30 added 0.45 per cent to a new record high of 8,636.06 points.
The CAC 40 in Paris meanwhile climbed 0.60 per cent to 4,170.40 points, a level last seen in September 2008 when the global financial crisis began with the collapse of Lehman Brothers investment.
Milan added 0.30 per cent and Madrid climbed 0.78 per cent.
The US central bank was forecast to maintain interest rates but begin scaling back its enormous stimulus program.
The euro eased to $US1.3352, down from $US1.3356 late in New York on Tuesday.
HONG KONG - Asian markets closed mixed following a strong lead from Wall Street, with investors biding their time as they await the end of a crucial Federal Reserve policy meeting.
With few other trading cues, the main focus is on the Fed meeting, which is expected to see policymakers begin reeling in the bank's massive stimulus program.
Tokyo on Wednesday rose 1.35 per cent, or 193.69 points, to 14,505.36, while Shanghai added 0.29 per cent, or 6.29 points, to 2,191.85.
However, Sydney ended 0.25 per cent lower, shedding 13.1 points, to 5,238.1 while Hong Kong eased 0.27 per cent, or 63.07 points, to 23,117.45. Seoul was closed for a public holiday.
WELLINGTON - The NZX 50 rose 5.803 points, or 0.1 per cent, to 4703.83 on Wednesday.