TOKYO/NEW YORK: Asian stocks rose on Tuesday, tracking an advance by Wall Street's main indexes to record highs, as investors looked to key central bank meetings this week, starting with the U.S. Federal Reserve.
"Markets are likely to be in a holding pattern ahead of this...heavy central bank-laden week," write analysts at TD Securities. Longer-term U.S. Treasury yields slipped further on Tuesday, as the market looked ahead to the Fed meeting and the latest government debt auctions. In currencies, the U.S. dollar held small gains from overnight in muted price action ahead of the central bank meetings.
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