OREANDA-NEWS. August 10, 2011. US stocks bounced on Wednesday with Financials (+8.1%) and Basic Materials (+6.23%) as the leaders. S&P 500 index jumped by 4.66%, Russell 2000 Index – collapsed by 8.91%. EURUSD finished the day near 1.43. Fed meeting results were treated as negative at first as no QE3 hints were in the text. 3 FOMC members dissented on the text as the “extended period” wording in relation to the period of “exceptionally low rates” was transformed into specific term – “mid-2013”. However, bond rates went lower as market had anticipated even more dovish Fed comments.

Total beat/loss ratios reached 422/111 in the US and 106-118 in the Euro-zone.

Asian markets went up on Wednesday. Hang Seng rose by 1.98%, Nikkei – added 1.05%. S&P/ASX 200 rose by 2.64%. Shanghai stock indices added on average 1.2%. Kospi was up by 0.27%.

The European stock indices futures were up in the morning - Dow Jones Stoxx 50 futures added 0.52% while Dax futures rose by 1.25%. S&P futures lost 0.7%.

Wholesale inventories at 14:00 will be in focus today in the US.