Technicals: Federal Reserve Meeting Keeps Investors on Sidelines, Asian and Europe Cl
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Technicals: Federal Reserve Meeting Keeps Investors on Sidelines, Asian and Europe Closed
Federal Reserve Meeting
Federal Reserve Meeting
Stocks
Europe
Most European markets are closed today for public holidays with the FTSE 100 inching higher in low trading volumes while investors sit on the sidelines to wait out the Fed Reserves policy decisions later today. In the morning the FTSE moved up 0.3 per cent pumped up by mining giants BHP Billioton and Rio Tinto who paid little notice of the Chinese PMI data.
Asia
Asian stocks opened the day mixed after the Chinese PMI data release which gave a reading of 50.6, a drop from last month’s 50.9. Although this was under the expected 50.7 it still rises above the 50 target which indicates growth. Most Asian markets are closed today except for Australia with the S&P/ASX 200 which declined by 0.30 per cent on back of weak manufacturing data there and of course Chinese PMI data which affects Australia as its biggest trading partner. NZSE 50 crept down 0.08 per cent . Nikkei in Japan also open today, it closed 0.4 per cent down. Read on for forex, commodities and what to watch out for today