News Formal

Asian stocks trade mixed, Japan’s Nikkei leads gains ahead of Fed rate decision

  • 📰 FXStreetNews
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 72%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

Asian stock markets trade in a flat-to-low range on Wednesday as investors turn to a cautious mood ahead of the Federal Open Market Committee (FOMC) policy meeting on Wednesday.

Most Asian equities trade on a flat note ahead of the Federal Open Market Committee meeting. The downbeat China's Caixin Manufacturing PMI added worries about sluggish economic conditions in China. Japan’s Nikkei leads gains after the Japanese top currency diplomat came out with verbal intervention. The FOMC rate decision will be closely watched event by market players. Japan’s Nikkei leads gains after Japanese authorities came out with verbal intervention on one-sided and sharp FX moves.

6, below the market consensus of a 50.8 rise. The weaker-than-expected Chinese data adds doubt to recent optimism for a recovery in the world's second-largest economy. In Japan, the final Jibun Bank PMI shrank in the contraction zone for a fifth straight month in October by arriving at 48.7. Furthermore, the significant drop in the Japanese Yen after the Bank of Japan's rate decision on Tuesday sparked a warning from Japanese authorities.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 14. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Asian stocks dip on weak China PMIs; Nikkei rises on dovish BOJAsian stocks dip on weak China PMIs; Nikkei rises on dovish BOJ
Source: Investingcom - 🏆 450. / 53 Read more »

Asian stocks muted amid Fed, China jitters; Nikkei soars after BOJAsian stocks muted amid Fed, China jitters; Nikkei soars after BOJ
Source: Investingcom - 🏆 450. / 53 Read more »

Stock market today: Asian shares trade mixed as investors look ahead to economic dataAsian shares are trading mixed as investors look ahead to a week that could see more swings in financial markets, including key reports on U.S. consumer confidence and the job market. On Tuesday, shares fell in Seoul, Hong Kong and Shanghai, while gaining in Tokyo and Sydney.
Source: AP - 🏆 728. / 51 Read more »

Stock market today: Asian shares trade mixed as investors look ahead to economic dataAsian shares are trading mixed as investors look ahead to a week that could see more swings in financial markets, including key reports on U.S. consumer confidence and the job market.
Source: ksatnews - 🏆 442. / 53 Read more »