US: Stocks edge to records ahead of Federal Reserve meeting, big earnings

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US: Stocks edge to records ahead of FederalReserve meeting, big earnings

Major companies reporting this week include Apple, General Motors and Pfizer.

The focus in Europe was firmly on Spain, which now faces weeks of coalition talks after Prime Minister Pedro Sanchez's Socialists won snap elections on Sunday without a majority, splitting the right-wing bloc but letting ultra-nationalists into parliament. With the country set to return to the polls on May 26 for regional, local and European Parliament elections, a new government is not likely to be formed before June.Madrid's benchmark IBEX 35 index closed a touch higher, having spent most of the session in negative territory.Sentiment was also hobbled by news that economic confidence in the single currency area sank in April to hit the lowest level for more than two years.

Eyes now turn to Beijing, where top US negotiators are due for another round of trade talks with their Chinese counterparts.

 

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