Global markets put in a mixed performance overnight as attention turned towards the Fed’s monetary policy minutes for July.
In the US, all eyes were on the Fed meeting minutes, which showed officials debated whether to start raising interest rates soon amid rising price pressures and healthy jobs growth.
This contrasted with recent expectations the Fed will delay its first rate hike, putting a cap on Wall Street’s advance.
Across the Atlantic, stocks were pressured by Danish brewing company, Carlsberg, which warned its business was hurt by a deteriorating operating environment in Russia
Carlsberg’s warning spooked investors, who fear sanctions against Russia will deal damage to eurozone economic growth.
In the commodities complex, oil rebounded amid data that showed US crude stockpiles fell much more than expected last week.
There were outsized gains in aluminium, copper and nickel as traders interpreted the Fed’s hawkish tone as a sign the US economy is gathering steam, which may stoke commodity demand.
Among the currencies, the US dollar was in hot demand following the release of the Fed minutes. The greenback soared to its highest versus the yen since April.