Markets weak as they await Fed and data

The market is waiting for the release at 2 p.m. ET of the minutes from the Federal Reserve's most recent policy meeting. DailyFX strategist Ilya Spika said that European markets, which often lead Wall Street, are "treading water as markets wait to see minutes from October's FOMC policy meeting."

Investors are looking for further evidence that the central bank will continue its stimulus program into 2014, extending the huge bond-buying spree that has supported the U.S. economic recovery and helped boost stock markets to record levels. On Tuesday evening, chairman Ben Bernanke made a speech that indicated Fed support was likely to continue into 2014.

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Markets weak as they await Fed and data

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