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The stock markets kept their cool on Tuesday as investors waited for further indications of the US Federal Reserve's policy decision, while the pound sterling stabilized after the House of Commons Speaker ruled out a third vote significant at Brexit this week.
China's CSI 300 index fell 0.4% after closing at a 10-month high in the previous session, in the hope of further stimulus to support the country's economy. According to the futures trade, the London FTSE 100 will remain stable, as will the Xetra Dax 30 in Frankfurt.
The Fed's plans for its multi-billion dollar balance sheet are at the center of the two-day meeting that begins Tuesday. The pace at which the Fed discharged its debt was one of the factors behind the turmoil in the financial markets last year. Fed Chairman Jay Powell said last month that an announcement on the future balance sheet would be "pretty soon".
Instantaneous
To come up
- British unemployment
- Germany Zew survey on the economic climate
- Wage growth in the euro area
- The US Federal Reserve begins its two-day monetary policy meeting
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Markets Briefing is an overview of global markets, updated throughout the trading day by Financial Times journalists in Hong Kong, New York and London. Return of information? Write in the comments below or send us an email.
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