The 22-year-old batter became only the fifth uncapped player in IPL history to score over 500 runs in a season
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The Fed minutes showed the world’s biggest economy would have to worsen before the central bank eased monetary policy further. A few officials thought more stimulus was justified, but the majority were unconvinced.
“With the Fed holding back on QE3 (a third round of quantitative easing), perhaps in anticipation of darker days ahead, the short sellers are coming out in force,” Mike McCudden, head of derivatives at Interactive Investor, said.
“Thinning volumes as we trudge through the summer months will bring increased volatility in the markets and right now, the picture is looking pretty bleak.”
The FTSEurofirst 300 was down 1.1 percent at 1,027.66 by 1057 GMT, in volume just 29 percent of the 90-day daily average. The index was trading below its 100-day moving average, a solid support which it breached earlier in the day.
Consistent closes below that level at the end of April saw the index plunge 9 percent as euro zone debt and global growth worries intensified, although the 200-day moving average is on the rise, currently at 1,014.
US stock index futures pointed to a lower opening on Wall Street on Thursday, with futures for the S&P 500, the Nasdaq 100 and the Dow Jones down 0.7 to 0.9 percent, ahead of US weekly jobless claims data at 1230 GMT.
“There’s still a tug of war between weak macro — the most recent data we have seen in Europe and the US has been poor — and hope for policy intervention,” Emmanuel Cau, strategist at JPMorgan, said.
“The Fed minutes yesterday did not provide much clarity, in the sense that they kept the door open to intervention but we think there is a big question mark about timing. We don’t expect new stimulus this summer and we think things need to get worse for the Fed to act.”
Basic resources was the hardest-hit sector, down 2.4 percent, as the copper price fell on the back of the Fed minutes, and ahead of China GDP data, set for release on Friday.
Sentiment was also hurt by anxiety about US earnings, particularly in the technology and industrial sectors, with a warning on third-quarter revenue from network gear maker Adtran Inc the latest worrying signal from the US corporate sector overnight.
This came on the heels of weak forecasts from chipmakers Applied Materials Inc and Advanced Micro Devices , and a sales warning from engine maker Cummins Inc .
European technology stocks came under pressure on Thursday, shedding 2.1 percent — the second-worst performing sector.
“Profit warnings continue to come through in most sectors and most countries. The market believes that the central banks and European governments will be able to get their act together. I would say that is a pretty optimistic stance,” said Lex van Dam, hedge fund manager at Hampstead Capital, which manages $500 million of assets.
Henk Potts, market strategist at Barclays, however, underlined that while quarterly earnings are very volatile, full-year earnings estimates remain positive in the euro zone and at close to 8 percent in the United States.
“It’s worth remembering that earnings revisions are already more than priced into valuations - I don’t necessarily see it as being disastrous by any means,” he said.
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