The global markets are dominated by Bernanke's comment that tapering of QE measure might begin as soon as later this year and the asset purchase could end mid-2014.
In equities, Major European indices dropped over -2% and remains weak at the time of writing.
Nikkei dropped -230 pts in Asia and barely managed to close above 13000 level.
US futures point to lower opening. In commodity markets, gold drops over -5% today and breached 1300 psychological level. And the break of 1321.5 in gold confirmed resumption of larger down trend.
Silver also resumed larger decline and breached 20 psychological level.
In bonds, US treasury yields open higher with 10 year and 30 year yield making new 2013 high. In particular, 10 year yield breached 2.4 level, and made the higher level in nearly two years.
In currency markets, dollar index extends yesterday's strong rebound and breaches 82 level. Among major currencies, Aussie, yen , Indian Rupee and kiwi are the weakest against dollar.
Data from US saw initial jobless claims rose to 354k in the week ended June 15.
FOMC meeting yesterday turned out to be more hawkish than previously anticipated with policymakers seeing 'diminished' downside risks to the economic outlook.
Meanwhile, the Fed was not worried about the weak inflation level. At the press conference, Chairman Bernanke indicated the intention to complete the tapering process by mid-2014.
The Fed's latest set of economic projection showed downward revision unemployment rate and upward revision of 2014 GDP growth estimate.
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