In this March 3, 2020, file photo, Federal Reserve Chair Jerome Powell speaks during a news conference to discuss an announcement from the Federal Open Market Committee, in Washington.
In the U.S., the Federal Reserve is holding its policy meeting this week. "Markets are bracing for two diametrically opposed forces, which will obfuscate the picture," Mizuho Bank said in a commentary. "One is geo-political uncertainty that may leash fresh convulsions of ‘risk off' and the other, a hawkish Fed that is poised to hike" interest rates by at least 0.25 percentage points.
In stocks, Lockheed Martin shares moved higher after Reuters reported Germany will buy its F-35 fighter jets.
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