Virgin Galactic’s Branson flew to space, but the stock of Virgin Galactic (SPCE) dropped. Why?
Asian equities stand still as traders wait for Fed clues
On Wednesday, Asian stocks generally didn’t change after Wall Street again grew to record maximums. However, moves were quite limited because a wait-and-see mood dominated before the Fed unveils its monetary policy stance a bit later in the day.
Spreadbetters actually expected the UK’s FTSE to start intact. As for Germany's DAX as well as France's CAC they were supposed to start down approximately 0.1%.
The caution in markets ahead of the anticipated meeting has kept some market participants from making radical adjustments to their trading positions notwithstanding potentially higher tensions over North Korea following hawkish remarks from Donald Trump overnight.
Additionally, MSCI's index of Asia-Pacific equities rallied 0.05%.
As for Japan's Nikkei N225, it didn’t change. Shanghai gained 0.3% and Hong Kong's Hang Seng managed to gain 0.2%.
Besides this, the three key American stock indexes grew on Tuesday, thus reporting record closes.
This week Apple, Microsoft, Google, Facebook, Pfizer, and other large US companies will deliver earnings reports…
The overall market sentiment is risk-on. The S&P 500 index (US 500) is getting close to the all-time high. Oil is recovering quickly from its recent losses.
What will happen? The FOMC statement will be published at 21:00 MT (GMT+3) on Wednesday, July 28…