US markets have melted up into the green ahead of the FOMC minutes being released at 2 pm today. The DOW is in the 20's and trading sideways in an exaggerated sea-saw action. Crude has climbed higher, is very volatile and is threatening to climb even higher. The US dollar is trading in the high 94's, but hasn't shown any move to the upside. Short-term indicators remain mildly bearish at this time.
Here is the current market situation from CNN Money
North and South American markets are mixed today. The Bovespa is up 0.74% while the S&P 500 gains 0.22%. The IPC is off 0.56%.
CHICAGO (Reuters) - Target Corp on Wednesday reported a lower-than-expected increase in quarterly sales at established stores and gave a cautious outlook for the current period, citing volatile weather and weaker demand for electronics and groceries.
TOKYO (Reuters) - Suzuki Motor Corp used the wrong methods to test the fuel economy of its cars in Japan, it said on Wednesday, widening a testing scandal that has already rocked smaller rival Mitsubishi Motors Corp .
SEOUL (Reuters) - South Korea's Hotel Lotte Co Ltd [HTLOT.UL] plans a share sale worth up to 5.7 trillion won ($4.85 billion) next month, sources said on Wednesday, in what would be the world's biggest initial public offering since late 2015.
ANTWERP (Reuters) - Mining group Anglo American has retained De Beers as a prize asset after a radical overhaul in the belief that surging Chinese and Indian demand for diamonds will outstrip dwindling supply even after a 2015 crunch.
NEW YORK (Reuters) - Oil prices rose about 1 percent on Wednesday, hitting new 2016 highs, as the market focused on large drawdowns in U.S. refined fuel inventories and ignored a surprise build in crude stockpiles.
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