European markets extended a run of gains, helped by a jump in shares in German lenders Deutsche Bank and Commerzbank after they confirmed over the weekend they were in talks to merge. The pan-European STOXX 600 index rose 0.3 percent, hitting a five-month high.Britain's FTSE 100 outperformed its European peers with a 0.
In particular focus will be the whether policymakers will have sufficiently lowered their interest rate forecasts to more closely align their"dot plot", a diagram showing individual policymakers' rate views for the next three years.Also expected is more detail on a plan to stop cutting the Fed's holdings of nearly US$3.8 trillion in bonds. The two-day meeting ends with a news conference on Wednesday.
A marked decline in Treasury yields has dragged on the dollar, leaving it at 111.53 yen from a top of 111.89 on Friday.
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »