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The European session was fairly quiet as all eyes turned to the Fed’s after-hours statement.
Oil prices fell during oil trading, as Brent crude in future contracts for January delivery lost 1.971% and reached 83.05 dollars a barrel, while the price of US crude reached 81.94 dollars a barrel in contracts for December delivery, affected by the increase in the American stock of oil as well as the strong rises in the number of infections with the Coronavirus. In China.
US stock indexes opened little changed on Wednesday as investors refrained from making big bets ahead of a US Federal Reserve meeting where policymakers are widely expected to signal the withdrawal of pandemic-related support.
The Dow Jones Industrial Average rose 6.46 points, or 0.02 percent, to 36059.09 points.
The Standard & Poor’s index opened stable at 4,630.65, while the Nasdaq Composite Index advanced 8.91 points, or 0.06 percent, to 1,568.52 points.
Employment in the US’ private sector rose by 571,000 in October, the monthly data published by the Automatic Data Processing (ADP) Research Institute showed on Wednesday. This reading followed September’s print of 523,000 and was better than the market expectation of 400,000.
The business activity in the US service sector continued to expand at a record-setting pace in October with the ISM Services PMI jumping to 66.7 from 61.9 in September. This reading beat the market expectation of 62 by a wide margin.
