Asian equities fluctuate as traders wait for Fed meeting for rate clues

Asian equities fluctuate as traders wait for Fed meeting for rate clues

On Tuesday, Asian stocks declined following record maximums on Wall Street, although hobbled by uncertainty because investors waited for a Federal Reserve gathering for anticipated clues on American monetary policy.

MSCI's index slumped 0.1% having wobbled between upbeat and negative territory for much of the trading morning.

On Monday, on Wall Street the Dow Jones Industrial Average concluded at a record maximum for the fifth straight trading session, while the S&P 500 showed its second straight closing record peak because higher American Treasury yields helped to raise financial equities.  

At a two-day gathering staring later on Tuesday, the major US bank is believed to take another step toward policy normalization and disclose its plans to start unwinding its $4.2 trillion portfolio of Treasuries as well as mortgage-backed securities.

The Fed is supposed to hold interest rates intact, with market participants looking for further clues on its anticipated tempo of further tightening later in 2017 and next year.

 

 

Similar

Latest news

Deposit with your local payment systems

Learn more

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in 00:30:00

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera