Investing.com investing.com 13 Jan, 2021 14:30 am

Opening Bell: Equities Stall Despite Fed Easing Commitment; Gold, Dollar Rise

Opening Bell: Equities Stall Despite Fed Easing Commitment; Gold, Dollar Rise
Market Overview Analysis by Investing.com (Pinchas Cohen/Investing.com) covering: EUR/USD, GBP/USD, USD/JPY, XAU/USD. Read Investing.com (Pinchas Cohen/Investing.com)'s latest article on Investing.com

In Europe, the STOXX 600 Index was mostly flat, with soft profit guidance from Danish wind farm developer Orsted (CSE: ORSTED ) weighing on utilities and offsetting gains led by French grocer Carrefour (PA: CARR ) following a merger approach by Canadian convenience store operator Couche-Tard (TSX: ATDb ).Statements from two Federal Reserve officials on Tuesday dispelling expectations that the US central bank would reduce quantitative easing anytime soon failed to lift equities in pre-US open trade on Wednesday.However, the story of the day was Treasuries, after Federal Reserve Bank of St Louis President James Bullard reiterated that the only policy on the Fed docket right now is getting the economy through the pandemic, with the same message repeated later by Boston Fed chief Eric Rosengren .Yields, including on the 10-year note, gapped down—a rarity recently—after yesterday’s shooting star developed when rates failed to breach the top of a falling channel.

p The yellow metal is struggling between the resistance of a falling channel in place after it hit its first record since 2011, during August 2020 and a potential H&S bottom.25%) leading the declines among the major regional benchmarks due to concerns on rising virus cases in northern China as well as heightened tension in US-China relations.

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