The Asian stocks opened mixed today, with Japan’s Topix index retreating from the highest in almost eight months, as traders awaited the Federal Reserve meeting.
Europe Market Check
European shares gained, posting their seventh gain in eight sessions, as advances in the oil and mining sectors overshadowed continued concerns over trade.
U.S. Market Check
- U.S. stocks edged lower as oil drillers rallied with crude while industrial shares lagged behind.
- The yield on 10-year Treasuries were little changed at 3.09 percent after touching 3.1 percent, the highest since May.
West Texas Intermediate crude dropped 0.5 percent to $71.93 a barrel, while Brent fell 0.5 percent to $81.45.
Gold traded at $1,201.30 an ounce.
Japan’s Topix index fell 0.6 percent.
Australia’s S&P/ASX 200 Index rose 0.2 percent.
Futures on Hong Kong’s Hang Seng Index were little changed.
FTSE China A50 futures rose 0.1 percent.
S&P 500 futures were little changed.
Here are the key events to watch out for this week:
The Fed decision on Wednesday will be followed by a press conference with Chairman Jerome Powell.
Thursday sees durable goods, GDP data and jobless claims for the U.S.
Japanese Prime Minister Shinzo Abe meets with Donald Trump in New York to discuss trade.