Stocks on Wall Street closed lower on Wednesday (Thursday morning GMT ) , after the minutes of the U.S. Federal Reserve's latest meeting showed some policy makers asking rate decision of the Fed earlier .
The Dow Jones Industrial Average fell 89.84 points ( 0.56 percent) to 16040.56 .
The broad-based S & P 500 slumped 12.01 points ( 0.65 percent) to 1828.75 , while the tech -heavy Nasdaq composite index lost 34.83 points ( 0.82 percent) to 4237.95 .
Most of the losses occurred after the policy meeting minutes from the end of January the U.S. central bank released at 14:00 GMT .
" At two o'clock in the afternoon descending movement started , " said Dan Greenhaus , BTIG chief global strategy , as quoted by AFP .
Treatise reveals policymakers are increasingly optimistic , and that although the majority still see the level of short -term benchmark rate their stay at ultra-low level of 0-0.25 percent by 2015 , " some " support raising interest rates higher " relatively soon , " even pointing to mid-2014 .
Big banks retreat , including Dow component JPMorgan Chase fell 2.1 percent , Citigroup dropped 2.4 percent and Bank of America fell 1.6 percent .
Some of the leading technology companies are also having a bad day , including Twitter Apple fell 4.6 percent and 1.6 percent lower . But Facebook advanced 1.1 percent .
Pharmaceutical company Eli Lilly and Company announced that trials for the treatment of his ramucirumab lung cancer improve survival rates , pushing its shares 5.1 percent higher .
Signet Jewelers filed a $ 1.4 billion bid to acquire rival Zale . Zale shares jumped 40.3 percent to 20.92 U.S. dollars , slightly below the offer 21 dollars per share . Signet jumped 18.1 percent .
While U.S. Steel dropped 7.0 percent on news that the Department of Commerce to ensure that South Korean steel makers are not involved in the dumping of steel pipes used by oil drillers .
Profit of 5.71 dollars per share of fertilizer maker CF Industries easily beat expectations of 4.49 dollars per share . Its shares jumped 5.1 percent .
Bond prices fell . The yield on U.S. 10-year government rose to 2.73 percent from 2.68 percent on Tuesday , while the 30 - year held steady at 3.71 percent from 3.67 percent . Prices and bond yields move inversely .
Singapore 's financial market reference rate used JISDOR
Recommend the use of Singapore 's financial market exchange rate GBP JISDOR ( Jakarta Interbank Dollar Spot Rate ) issued by Bank Indonesia on market participants as a reference since March 28, 2014 .
Bank Indonesia written statement received here on Thursday , said the decision is delivered by ABS Benchmarks Administration Co. Pte . Ltd. . ( ABS Co ) and the Singapore Foreign Exchange Markets Committee ( SFEMC ) .
To that end , the market participants who have contracted with reference CAD VWAP prior to March 28, 2014 and will mature on March 28, 2014 or thereafter , in order to divert his contract refers to INR JISDOR .
JISDOR published since May 20, 2013 is the spot price of USD / CAD , which is based on the exchange rate of the rupiah foreign exchange transactions between banks in the domestic foreign exchange market .
In addition , JISDOR also intended to provide a representative market price references for spot transactions USD / CAD domestic market .
Previously , ABS Benchmarks Administration Co. Pte . Ltd. . ( ABS Co ) and the Singapore Foreign Exchange Markets Committee ( SFEMC ) announced it would stop publishing guide price level spot USD / CAD , which is currently known as " S VWAP " , on March 27, 2014 .
Meanwhile, the Executive Director of the Department of Communications Bank Indonesia ( BI ) Tirta Segara said BI welcomed JISDOR use as a reference price of USD / SGD in Singapore 's financial markets .
" This shows recognition of the credibility JISDOR as reference prices established from the transaction USD / CAD in the domestic foreign exchange market , " he said .
Thus , transactions in international financial markets associated with the USD / CAD may be in line with price developments USD / INR in the forex market dometik .
In addition , the use as a reference JISDOR also expected to increase the confidence of the international financial market participants to encourage the deepening of domestic financial markets
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