U.S. stocks fell on Wedensday's trading - WALLFORT Financial Services

U.S. stocks fell, giving the Dow Jones Industrial Average its longest slump in 13 months, as minutes of the Federal Reserve's July meeting showed officials support stimulus cuts this year if the economy improves.

European stocks posted their longest losing streak in eight weeks amid speculation that the minutes of the Federal Reserve's July meeting will give further details of when the central bank will slow its monthly bond purchases.

Asian stocks fell, with the regional gauge headed for its longest losing streak since November, after Federal Reserve minutes showed officials support stimulus cuts this year if the U.S. economy improves. Shares pared losses after a preliminary report showed China's manufacturing unexpectedly expanded this month.

Major U.S. stock markets closed lower Wednesday despite a stronger-thanexpected home resale report as investors remained jittery about the prospects of a near-term decline in monthly bond purchases by the Federal Reserve. The Federal Reserve minutes provided few clues on the potential timing for a reduction but did little to dissuade people expecting a policy change next month. European stocks posted their longest losing streak in eight weeks amid speculation that the minutes of the Federal Reserve's July meeting will give further details of when the central bank will slow its monthly bond purchases. Japan's Nikkei share average sagged on Thursday after minutes of the U.S. Federal Reserve's last meeting failed to ease concerns it will begin to taper monetary stimulus soon, leaving Asian emerging markets to grapple with another tumultuous session.

Source : Equity Bulls

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