Wednesday's rate cut in the world's largest economy was the first such move by the US central bank in more than four years, and came at a time when investors around the globe keenly looked out for the onset of an impending easing of borrowing costs.

U.S. stocks were lower after the close on Wednesday, as losses in the Telecoms, Utilities and Consumer Goods sectors led shares lower. At the close in NYSE, the Dow Jones Industrial Average declined 0.