Fed meeting begins, Asian markets rebound

Fed meeting begins, Asian markets rebound

Fed meeting begins, Asian markets rebound As the world awaits the much-anticipated meeting of the Fed’s monetary policy committee and a possible interest rate rise, sentiment has been higher so far.

Asian markets have closed mostly higher with expectation of Beijing adding further stimulus to China’s economy. Shanghai’s main index gained 5 per cent.

European indexes are also buoyant with gains for the major markets.

Toronto and New York are set to open fairly flat despite overnight gains for Wall Street’s futures.

The FOMC meets from today and will announce its decision on interest rates Thursday.
 
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North America (previous session)
US Dow Jones 16,599.85 (+1.40 per cent) -5.02 per cent -3.11 per cent
TSX Composite 13,462.71 (+0.82 per cent) -5.71 per cent -13.20 per cent
 
Europe (at 5.45am ET)
UK FTSE 6,194.72 (+0.93 per cent) -5.43 per cent -8.80 per cent
German DAX 10,257.11 (+0.68 per cent) -6.63 per cent +6.48 per cent
 
Asia (at close)
China CSI 300 3,309.25 (+4.98 per cent) -18.76 per cent +38.53 per cent
Japan Nikkei 18,171.60 (+0.81 per cent) -11.44 per cent +14.20 per cent
 
Other Data (at 5.40am ET)
Oil (Brent) Oil (WTI) Gold Can. Dollar
48.41
(+1.38 per cent)
45.32
(+1.64 per cent)
1106.80
(+0.38 per cent)
U$0.7559
 
Aus. Dollar
U$0.7165