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DAILY MARKET OVERVIEW
Today's Top Market Headlines – Oct 12, 2017
Stocks retreat, greenback pierces forward, while oil cheapens

Fed minutes return all eyes on inflation

 

US shares pulled back and the dollar gained as investors assessed the Fed’s next move. Oil slipped after an inventory report.

 

Here’s what caught our eye among stocks:

S&P 500 retreated 0.2% to 2,550.93, the Nasdaq also dropped 0.2%.

JPMorgan fell 0.9% and Citi gave up 3.4%.

Stoxx Europe 600 barely changed.

MSCI All-Country added less than 0.1% to a new record.

MSCI Asia Pacific sprung 0.4% to the highest in about a decade.

Topix added 0.2% to 1,700.13, the highest in more than a decade.

MSCI Emerging Markets remained at the highest peak in more than 6 years.

 

Mostly a good session for currencies:

The dollar added 0.1%.

The euro fell 0.2% to $1.1835.

The pound gains 0.3% to $1.3262.

The yen headed forward by 0.2% to 112.28 per dollar, the strongest in more than half a month.

 

Oil took a hit, while gold made a slight advance with commodities:

WTI crude fell 1.3% to $50.65 a barrel.

Gold gained 0.1% to $1,293.45 an ounce, the highest in more than two weeks.