Asian stocks are poised for a sluggish start following a tepid Wall Street session, as investors held back ahead of Wednesday's Federal Reserve interest-rate decision.
Equity-index futures signaled modest losses in Sydney and Tokyo, though Hong Kong looked set to open higher, after the S&P 500 slipped 0.1% and the Nasdaq 100 ended a nine-day winning streak. Gold briefly topped $3,700 an ounce, buoyed by a softer US dollar that fell to its weakest level in more than 10 weeks.
Attention in Asia will also be on a 20-year government bond auction in Japan as political uncertainty and lingering fiscal risks keep longer-dated debt under pressure.
A solid reading on US retail sales Tuesday did little to sway markets, with attention firmly on the Fed meeting. Investors are looking for clues on the path of interest rates that will shape the market outlook in the months ahead, with some bond traders stepping up options wagers that the central bank will deliver at least one half-point cut.
"The American consumer appears to be in good spirits," said Ellen Zentner at Morgan Stanley Wealth Management. "That's good news for the economy, but it may heighten debate over how aggressively the Fed needs to cut rates."
Source: Bloomberg.com
US stocks edged lower on Tuesday (September 16th) as investors took profits ahead of the Federal Reserve's highly anticipated September policy meeting. The S&P 500 fell 0.1%, the Dow Jones Industr...
European stocks closed sharply lower on Tuesday, pressured by aggressive losses in the financial sector as markets continued to assess the global interest rate outlook. The STOXX 50 fell 1.3% to 5,372...
The S&P 500 and the Nasdaq each gained 0.1% on Tuesday, setting fresh record highs after closing at all-time peaks in the previous session. The Dow Jones, however, hovered near the flatline. Inves...
European stocks traded in a muted fashion Tuesday, awaiting news from the Federal Reserve policy meeting while digesting key regional economic data. The DAX index in Germany dropped 0.1%, the CAC 40 ...
European stocks edged lower on Tuesday, with both the STOXX 50 and STOXX 600 slipping 0.2%, pausing after three straight sessions of gains. Traders turned cautious ahead of key monetary policy decisio...
Silver fell more than 1% to around $42 per ounce on Wednesday, pulling back from 14-year highs as investors locked in profits ahead of the Federal Reserve's policy decision. The Fed is widely expected to cut rates by 25 basis points later today,...
The dollar was on the defensive, shares edged lower, and gold scaled new heights on Wednesday as global markets counted down to an anticipated rate cut by the Federal Reserve later in the day and waited on signals around the extent of future...
The United States has rejected India's request for consultations at the World Trade Organization (WTO) regarding Washington's 50% tariffs on copper and copper derivative products, arguing that the tariffs are not safeguard measures, as claimed by...
President Donald Trump said on Tuesday that the US and China have reached a deal on TikTok. The deal will transfer the assets of the ByteDance-owned...
European stocks edged lower on Tuesday, with both the STOXX 50 and STOXX 600 slipping 0.2%, pausing after three straight sessions of gains. Traders...
The U.S. Federal Reserve holds its latest policy meeting this week with a historic challenge to its leadership pending in the courts and a rushed...
US stocks closed higher on Monday (September 15), driven by gains in technology stocks after President Donald Trump indicated that U.S.-China trade...