Asian shares and the dollar were on tenterhooks on Tuesday as the Federal Reserve prepared to review rates later in the day, with financial markets focused on how the Fed steers monetary policy in the wake of Republican Donald Trump’s surprise election win last month.
Crude oil prices pulled back after their surge to 18-month highs, while a raft of China data sent mixed signals and had little impact across asset markets.
CMC Markets chief market analyst Michael Hewson expects European bourses to post opening losses, and said U.S. investors “adopted a safety first attitude” as the Fed meeting looms.
“Markets in Asia appear to have picked up on the slightly softer theme from yesterday, and this could well translate into a softer open in Europe this morning,” Hewson said.
CMC expected Germany’s DAX and Britain’s FTSE to open lower.
Read More: http://www.reuters.com/article/us-global-markets-idUSKBN14201V
Source: Reuters (13 December 2016)