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Stock market today: World shares mostly higher ahead of Fed decision on interest rates

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World shares have made meager gains as investors remain cautious ahead of a decision on interest rates Wednesday by the U.S. Federal Reserve.

People walk past an electronic stock board showing Japan's Nikkei 225 index at a securities firm Wednesday, Nov.1, 2023 in Tokyo. Asian shares were mostly higher Wednesday after Wall Street advanced to claim back some of the ground it gave up in another losing month. – World shares logged meager gains as investors remained cautious ahead of a decision on interest rates Wednesday by the U.S. Federal Reserve.

Germany's DAX edged up less than 4 points to 14,813.13 and the CAC 40 in Paris gained less than 0.1% to 6,891.38. Britain's FTSE 100 was up less than 1 point at 7,322.05. Tokyo's Nikkei 225 index added 2.4% to 31,601.65 a day after the Bank of Japan held back from any major changes to its near-zero interest rate policy, though it adjusted its controls on government bond yields.

More than 80% of the stocks in the S&P 500 strengthened. It closed October with a loss of 2.2% for the month. That’s its third straight monthly drop, the longest losing streak since the COVID-19 pandemic froze the global economy at the start of 2020.

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