The trading on Wall Street stock markets ended yesterday with declines, ahead of the opening of the Open Market Committee of the Federal Reserve which will publish its interest rate decision today.
In a daily summary: the Dow Jones fell by 0.6%, the S&P 500 lost 0.7% and the NASDAQ also retreated by 0.7%.
As of this hour, the futures contracts on leading indicators on Wall street signalling on a slight increase of 0.2%.
Japan
The central bank (BOJ) decided to leave its key interest rate to minus 0.1%.
Following the strengthening of expectations that the US interest rate rise is closer, the US dollar is at a three-month peak versus the Japanese yen.
The US currency rising by 0.1% and was trading around 105.4 yen to the dollar.
The trading in most Asian markets is conducted with declines in view of the positive earnings season in the US, which strengthened the chances that the Fed will raise the interest rates this year.
The European Central Bank left interest rates unchanged at its base interest rate zero.
The protocol the last meeting of the Federal Reserve which released yesterday included evidence that central bank decision makers are in no hurry to raise interest rates in the US.
Yesterday, the indices recorded the sharpest daily fall this month in view of the backdrop of a disappointing opening of the quarterly earnings season on Wall Street.
After the release of the employment data on Friday, which probably will lead to a further rate rise in the US towards the end of the year, this week the investors will focus on the opening week of the earnings season on Wall Street. In addition, investors will bear the eyes to London, after a volatile week on the local stock exchange and on the British currency.
The trading on Wall Street stock exchanges closed yesterday on a positive trend for the first time three days.
The rise of the US service sector strengthened the expectations that the world’s largest economy is ready for the raise of the interest rates.
There is a mixed trend in Asian stock markets.
The yen strengthened and hampering the Tokyo.
Today the Japanese yen strengthened against the US dollar after the Bank of Japan said at a conference that the bank is ready to use all tools at its disposal to cause inflation to rise towards the target of 2%, including a further reduction of short-term interest rates to negative.
365 Stock market news 