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Stock market today: World shares lower, Tokyo closed, as focus turns to U.S. Federal Reserve meeting

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Shares fell Monday in Europe and Asia, as investors awaited a meeting this week of the U.S. Federal Reserve.

Germany's DAX lost 0.4% to 15,827.65 and the CAC 40 in Paris declined 0.7% to 7,326.66. Britain's FTSE 100 was virtually unchanged at 7,709.53.Hong Kong's benchmark was pulled lower by property stocks following reports over the weekend that police had detained staff at the wealth management business of troubled real estate developer China Evergrande.

The market posted some gains last week following reports of several healthy economic indicators ahead of the Federal Reserve's two-day meeting, which ends Wednesday. That, and a meeting of Japan's central bank, are the biggest highlights expected for the week.

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Stock market today:Shares fell Monday in Asia, with Hong Kong's benchmark pulled lower by property stocks following reports that police had detained staff at the wealth management business of troubled real estate developer China Evergrande. U.S. futures edged higher and oil prices advanced. Tokyo’s markets were closed for a national holiday. On Friday, China’s national financial regulator announced it had approved the takeover of the group’s life insurance arm by a new state-owned entity. On Saturday, police in th
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