Global equities regained some poise on Wednesday as a storm in Chinese stocks showed signs of easing, while the dollar made modest gains as investors awaited a Federal Reserve meeting.
MSCI’s broadest index of Asia-Pacific shares outside Japan was 0.3% firmer after three consecutive sessions of losses.German lender Deutsche Bank gained 3.9% after delivering a better-than-expected quarterly profit. Britain’s Barclays jumped 4.0% as it announced resumption of shareholder payouts after beating first-half profit expectations.Market movements were small ahead of the Fed meeting.
With investors holding off on major bets ahead of the meeting, the dollar made marginal gains after earlier being pinned down by demand for safe-haven currencies.
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