Equities moved in uncertainty before ending in 'red' territory with investors trying to digest US producer price index (PPI) data inputs and FOMC meeting minutes.
Looking at the PPI data reading for September grew 0.4%, well past last month's record of -0.1% and surpassing the market's 0.2% forecast.
Due to these factors, the dollar index is also seen to gain momentum, but the bond yields decreased as soon as the minutes of the FOMC meeting were released early this morning.
The essence of the minutes continued to emphasize the need for the central bank to take aggressive action in controlling the surge in inflation even though there were some dovish tones expressing the importance of reducing the risk to the economy.
The streak saw the Dow Jones Industrial Average fall 0.1% at 29,210.85 while the S&P 500 lost 0.33% at 3,577.03 and the Nasdaq Composite fell 0.09% at 10,417.10.
In the European zone, the STOXX 600 index fell 0.53% while the MSCI gauge of global shares fell 0.31%.
In the Asian region this morning Japan's Nikkei 225 opened lower with the Topix down 0.28% while South Korea's Kospi fell 0.36% and the Kosdaq lost 0.92%.
Meanwhile, Australia's S&P/ASX 200 index rose 0.3% and MSCI's broad gauge of Pacific shares outside Japan was flat.
A currency roundup saw the Pound strengthen 1.17% to $1.1091 from $1.0925 while the Euro eased 0.04% to $0.9699 and the Yen weakened 0.67% to $146.84.
Treasury yields showed the 10-year note down 4.1 basis points at 3.898% from 3.939%.
In the meantime, investors' focus will be on the reading of the US consumer price index (CPI), which measures the rate of inflation, in the New York session tonight.
