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Asian shares wobble ahead of Fed outcome and earnings | Malay Mail

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TOKYO, April 27 ― Asian shares fell and US stock futures were steady today as caution ahead of a US Federal Reserve meeting and a slew of corporate earnings offset growing optimism about the global economic recovery from the Covid-19 blow. MSCI's broadest index of Asia-Pacific shares outside...

MSCI's broadest index of Asia-Pacific shares outside Japan eased 0.14 per cent. — Reuters picTOKYO, April 27 ― Asian shares fell and US stock futures were steady today as caution ahead of a US Federal Reserve meeting and a slew of corporate earnings offset growing optimism about the global economic recovery from the Covid-19 blow.

“There are two reasons to remain positive on equities and commodities,” said Masayuki Kichikawa, chief macro strategist at Sumitomo Mitsui Asset Management Co in Tokyo. In extended trade, Tesla dipped about 0.4 per cent even after the electric car maker beat Wall Street expectations for first-quarter revenue.

Many investors stuck to the sidelines ahead of a Fed meeting ending tomorrow, where the US central bank is expected to confirm that it will maintain with its easy monetary policy to bolster the economy. Ahead of the auction results, seven-year yields edged up to 1.2689 per cent, while benchmark 10-year yields rose slightly to 1.5755 per cent.

 

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