NEW YORK (Reuters) – Asian stocks appeared to rise on Wednesday, recovering from strong Tuesday sales, while Australian stocks opened weaker on a catch after a holiday on Tuesday.
Europe’s highest markets and a slight drop in record U.S. stock levels overnight suggested investors were cautious about possible obstacles to the U.S. stimulus plan and ahead of a Reserve announcement. Federal.
According to Steven Daghlian, market analyst at CommSec in Sydney, Australian inflation analyzers will be released later on Wednesday, noting that stocks and the Australian dollar have been “breaking”. Australian stocks reached an 11-month high on Monday, “close to pre-COVID levels,” he said.
The U.S. Federal Reserve will announce the results of the two-day political meeting on Wednesday. Analysts expect the Fed to remain in its impoverished tone to help accelerate the economic recovery.
U.S. stimulus talks are focused, and U.S. Senate Majority Leader Chuck Schumer said Democrats will move forward on President Joe Biden’s coronavirus relief plan without Republican support if cal.
European equities rose on Tuesday as strong gains from wealth manager UBS and auto parts maker Autoliv added to a series of optimistic business updates, while the International Monetary Fund boosted its forecast for global growth in 2021.
U.S. Treasury yields fell mostly in negative trading overnight, after reaching lows of three weeks at the long end of the curve, as investors remained cautious about the size of a package of proposed stimuli in the US.
The 10-year benchmark banknotes produced 1.033%, compared to Tuesday’s 1.04%.
Australian S & P / ASX 200 futures lost 0.25% in early trading.
Japanese Nikkei 225 futures added 0.07%, while the Nikkei 225 index closed overnight%. Hong Kong’s Hang Seng index futures rose 0.68%.
E-mini futures for the S&P 500 rose 0.21%.
The Australian dollar rose 0.05% against the greenback ($ 0.775).
The US dollar fell lower as traders showed a preference for riskier currencies. The dollar index fell 0.194%, with the euro 0.02% to $ 1.2162.
The Japanese yen weakened 0.01% against the greenback ($ 103.61 per dollar), while the pound sterling traded at $ 1.3735, up 0.01% on the day.
Alwyn Scott Reports; Edited by Lisa Shumaker