Tokyo's Nikkei 225 index lost 1.2% to 22,397.11 after Fitch Ratings downgraded its outlook for Japan to "negative" from "stable."
The pandemic is the primary concern, as secondary outbreaks raise the likelihood of further lockdowns to curb a resurgence in countries that had thought to have the virus under control, said Jeffrey Halley of Oanda. The Federal Reserve began a two-day meeting on interest rates Tuesday, with an announcement scheduled for Wednesday. Investors largely expect the central bank to keep short-term rates at their record, near-zero low, but they're also looking to hear what it says about how long they may stay there.
This week marks the heart of earnings reporting season for the S&P 500, and several big companies gave results that fell short of analysts' already lowered expectations as the pandemic stole customers away and increased some costs.
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: CTVNews - 🏆 1. / 99 Read more »
Source: CTVNews - 🏆 1. / 99 Read more »