European equities closed higher as investors remained cautious ahead of the release of the minutes from the Federal Open Market Committee's October meeting.
Asian shares were mostly lower on Wednesday as a negative handover from Wall Street overshadowed remarks from Federal Reserve Chairman Ben Bernanke.
SAN FRANCISCO, Nov 19- Venture capitalist Tim Draper is stepping back from his investment role at Draper Fisher Jurvetson, the firm he founded in 1985.. Long considered venture-capital royalty, Draper is known for investments such as Internet phone service Skype, now part of Microsoft Corp, and Chinese Internet company Baidu Inc.
CNBC's Bob Pisani and Art Cashin, of UBS, discuss the FOMC minutes and says the market reaction was fairly muted even though it was disappointed in what it heard today.
Wednesday, 20 Nov 2013 | 2:24 PM ETCNBC's Diana Olick reports on the worse than expected home sales numbers and how the low rate of first time buyers is hurting the market.
Wednesday, 20 Nov 2013 | 2:00 PM ETCNBC's Steve Liesman reports on the discussions centering on the Fed minutes, including a reduction in Treasurys, and lowering the unemployment threshold and reducing the IOER.