Asian shares mixed as earnings fail to inspire before Fed
Reuters
TOKYO |
Updated on
Fed expected to stay course but outlook is improving Asian shares were mixed on Wednesday as already high valuations discouraged investors from buying equities ahead of a closely-watched US Federal Reserve meeting.
MSCI s broadest index of Asia-Pacific shares outside Japan declined 0.23 per cent. Australian stocks rose0.55 per cent, but shares in China slipped 0.44 per cent. Stocks in Tokyo edged 0.16 per cent higher.
S&P 500 e-mini stock futures rose 0.09 per cent.
Fed Chairman Jerome Powell is expected to reaffirm that easy monetary policy will remain in place for a prolonged period and dismiss any suggestions of tapering bond purchases.
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TOKYO (Reuters) - Asian shares were mixed on Wednesday as already high valuations discouraged investors from buying equities ahead of a closely-watched U.S. Federal Reserve meeting.
FILE PHOTO: A man wearing a protective face mask is reflected on a stock quotation board outside a brokerage, amid the coronavirus disease (COVID-19) outbreak, in Tokyo, Japan November 10, 2020. REUTERS/Issei Kato/File Photo
MSCI’s broadest index of Asia-Pacific shares outside Japan declined 0.23%. Australian stocks rose 0.55%, but shares in China slipped 0.44%. Stocks in Tokyo edged 0.16% higher.
S&P 500 e-mini stock futures rose 0.09%.
Fed Chairman Jerome Powell is expected to reaffirm that easy monetary policy will remain in place for a prolonged period and dismiss any suggestions of tapering bond purchases.