Business Maverick: Stocks Mixed Before Fed; Treasuries Keep Advance: Markets Wrap

Shares slipped in Japan, where Fitch Ratings lowered its outlook on the country’s debt and earnings at Canon Inc. disappointed. Stocks in Hong Kong and South Korea ticked up and those in China outperformed on low volumes.

added to evidence that the pace of the rebound is cooling as the virus interrupts reopenings in several states.extended most of its emergency lending programs by three months, through the remainder of 2020. The U.S. central bank is set to announce its rate decision Wednesday, and the market anticipates a dovish statement.

“There’s enough stimulus and support in the market from a monetary policy perspective, but also from fiscal, and that keeps a nice floor under the market,” said Amanda Agati, chief investment strategist for PNC Financial Services Group. “But we also think it’s going to be very difficult to make a lot of forward progress in this environment.”

Elsewhere, oil steadied after an overnight decline as investors shifted their focus to domestic supply, with expectations for another build in already swelling U.S. stockpiles.Earnings include Rio Tinto and Barclays on Wednesday; Thursday brings Apple, Amazon.com, Alphabet, L’Oreal, Credit Suisse and Samsung; Chevron and Caterpillar are set for Friday.These are some of the main moves in markets:Japan’s Topix index declined 0.8%.South Korea’s Kospi index rose 0.5%.

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