Economists called the measures a "double twist". In another effort to help the ailing US housing market, the Fed chairman, Ben Bernanke, said that as the mortgage-backed securities it owns matured, it would reinvest the proceeds in buying new mortgage bonds. The measure is aimed at driving down long-term interest rates across the economy, in an attempt to reduce the cost of borrowing for indebted homeowners and struggling firms. "Operation Twist", named after a similar measure launched in the 1960s under President Kennedy, will see the Fed buying $400bn (£258bn) of long-term Treasury bonds by June 2012 and selling shorter-term debts. The Fed's move came on same day that the Bank of England was also getting ready to pump more money into the British economy. "It is another blow after the Fed's language about downside risks on the economy really hurt sentiment," David Thurtell of Citigroup in Singapore told Reuters. Copper lost 3.3% on the London Metal Exchange, falling to a 10-month low of $8,028.75 a tonne. Brent crude oil lost more than $2 to $107.50 a barrel, while US crude dropped $3 to $82.92 a barrel. The dollar hit a seven-month high on Thursday as investors scrambled for safety.Ĭommodities tumbled on news that Chinese factory output had shrunk for a third month in September as flagging overseas demand put the brakes on new orders. This drove the Dow Jones down 2.5% on Wednesday, while the Standard & Poor's 500 index lost 3%. "Recent indicators point to continuing weakness in overall labour market conditions, and the unemployment rate remains elevated," it said.
TWIST STOCK FULL
The Fed's open markets committee said the economic outlook had deteriorated sharply, noting there were "significant downside risks" to its economic forecasts and indicating that a full recovery was years away. This was exacerbated by news that industrial orders in the eurozone slid for the second month in a row in July. In Europe, the European Central Bank came under pressure to take action itself after a worsening in the services and manufacturing sectors sparked warnings that the economic recovery was definitely over. "The negative tone struck by the Fed in terms of the serious headwinds and downside risks facing the US economy sent a ripple through the markets," said Raymond. The City had been "left reeling" by the sharply negative tone adopted by the Fed on Wednesday night, when it warned that the US economic recovery was at risk, said Joshua Raymond, chief market strategist at City Index. The gold price also fell, losing almost $50 an ounce to $1,729.
Investors rushed to the safety of the US dollar, driving the pound down by one and a half cents to $1.5328, the lowest level since September 2010. The sell-off came after the Fed unveiled a $400bn (£260bn) bond-buying plan on Wednesday to ward off a double-dip recession. On Wall Street, the Dow Jones index fell 3% in early trading, down 346 points at 10,778.
If you are good with personal finance and are looking to invest, you will find the Twist Bioscience on NASDAQ stock exchange.In Asia, the Nikkei closed down 2.1%, Hong Kong's Hang Seng tumbled 4.9% and the Jakarta stock market lost nearly 9%. Always read up on optimal investment strategies if you are new to investing. Trading in bear markets is always harder so you might want to avoid these stocks if you are not a veteran. Since this share has a negative outlook we recommend looking for other projects instead to build a portfolio. Our Ai stock analyst implies that there will be a negative trend in the future and the TWST shares are not a good investment for making money. Currently there seems to be a trend where stocks in the Healthcare Professional, Scientific, and Technical Services sector(s) are not very popular in this period. According to present data Twist Bioscience's TWST shares and potentially its market environment have been in bearish cycle last 12 months (if exists). Recommendations: Buy or sell Twist Bioscience stock? Wall Street Stock Market & Finance report, prediction for the future: You'll find the Twist Bioscience share forecasts, stock quote and buy / sell signals below.
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