The trading on Wall Street trading closed lower yesterday on the first trading day of the week ahead of a Federal Reserve decision on Wednesday to announce another interest rate hike in the US.
A Bloomberg survey of 43 economists pointed to estimates that the Federal Reserve will raise rates this year two more times and begin reducing its balance sheets before the end of the year despite the clear drop in inflationary forecasts.
The Dow Jones Industrial Average fell by 0.3%, the S & P 500 fell by 0.1% and the Nasdaq lost 0.5% %.
The trading on the Asian stock exchanges took place this morning is rising, despite the declines on Wall Street yesterday.
Tokyo closed unchanged, Hong Kong rising by 0.3%; Shanghai is up by 0.3%.
The Seoul stock exchange rose by 0.7% and recovered after falling yesterday by 1%, the sharpest decline in three months.
The Australian Stock Exchange closed 1.3% higher after yesterday’s trading was not held for a holiday.
The banks are leading the gains in Australia.
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