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European equities fall across the board Wednesday

FXstreet.com (Barcelona) - The European stock market was negative across the board Wednesday, with many investors anxiously awaiting the FOMC minutes during the later session today. Economic data has been highly subdued this week – however, in the EMU, the Current Account s.a came in at €25.9B in March, against expectations of only €15.0B. In addition, the Current Account n.s.a has yielded a figure of €24.8B, which marks an improvement from €11.5B previously.

Beginning with the indices and composites, the EURO STOXX 50 tumbled -0.40% as it settles in region of 2810.23, down -11.78 points in these moments. In addition, the FTSE 100 is trading in negative territory, operating at 6790.31, descending -13.62 points or -0.20% at the time of writing. Finally, the DAX has weakened recently, as well trading in the zone of 8444.58 presently -0.13% after a movement of -11.25 points.

Moving to commodities the prices of gold and silver are trading at USD $1387.00 and $22.62 per oz. respectively. In addition, the price of crude is operating at USD $95.57/bbl Wednesday, close to the key 95.50 support.

US Data – TD Securities

TD Securities teams explain that more important today will be the Fedspeak, with Bernanke’s semi-annual testimony at 3pm and the FOMC minutes from 1 May at 7pm (London time for both).
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