Asian shares wobble ahead of Fed outcome and earnings | Malay Mail

MSCI's broadest index of Asia-Pacific shares outside Japan eased 0.14 per cent. — Reuters picTOKYO, April 27 ― Asian shares fell and US stock futures were steady today as caution ahead of a US Federal Reserve meeting and a slew of corporate earnings offset growing optimism about the global economic recovery from the Covid-19 blow.

“There are two reasons to remain positive on equities and commodities,” said Masayuki Kichikawa, chief macro strategist at Sumitomo Mitsui Asset Management Co in Tokyo. In extended trade, Tesla dipped about 0.4 per cent even after the electric car maker beat Wall Street expectations for first-quarter revenue.

Many investors stuck to the sidelines ahead of a Fed meeting ending tomorrow, where the US central bank is expected to confirm that it will maintain with its easy monetary policy to bolster the economy. Ahead of the auction results, seven-year yields edged up to 1.2689 per cent, while benchmark 10-year yields rose slightly to 1.5755 per cent.

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Asian shares mixed as earnings fail to inspire before Fed | Malay MailTOKYO, April 28 ― Asian shares were mixed today as already high valuations discouraged investors from buying equities ahead of a closely-watched US Federal Reserve meeting. MSCI's broadest index of Asia-Pacific shares outside Japan declined 0.23 per cent. Australian stocks rose 0.55 per cent, but...
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