European stocks up, Asian markets mixed ahead of FOMC decision

The Stocks Europe 600 index was modestly higher, while contracts on the S&P 500 Index edged lower.

Sep 18, 2019 10:09 IST India Infoline News Service

Stocks drifted ahead of the FOMC meet conclusion. Investors are expecting the Fed Reserve to cut interest rates again.

Government bonds climbed across the globe after the Fed had to inject cash for the first time in a decade to soothe money markets.

Treasury 10-year yields slipped for the third day to around 1.77%.

Meanwhile, oil was steady as Saudi said it would restore operations fully by September end.

The Stocks Europe 600 index was modestly higher, while contracts on the S&P 500 Index edged lower.

Further, stocks fell in Japan and Australia, were flat in Hong Kong, and rose in South Korea and China.

Meanwhile, the pound slipped as the UK Supreme Court begins a second day of hearings on the legality of the PM's Brexit strategy.

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