TOKYO - Asian shares held tight ranges on Tuesday ahead of the a Federal Reserve...
TOKYO - Asian shares held tight ranges on Tuesday ahead of the a Federal Reserve policy meeting, but were broadly supported near six-month highs on expectations the central bank might strike a dovish tone, while fresh Brexit worries dogged the pound.
All three major U.S. indexes rose overnight, lifted by the bank and tech sectors, with the Dow Jones Industrial Average, the S&P 500, and the Nasdaq Composite adding between 0.3 and 0.4 percent each. [.N] Investors will particularly look to see whether policymakers have sufficiently lowered their interest rate forecasts to more closely align their “dot plot”, a diagram showing individual policymakers’ rate views for the next three years.
In the currency market, the pound found firmer footing on Tuesday after slipping to as low as $1.3183 overnight as lawmakers cast doubt on Prime Minister Theresa May’s third attempt to get parliament to back her Brexit deal. [GBP/] Meanwhile, senior diplomats said the European Union leaders could hold off making any final decision on any Brexit delay when they meet in Brussels later this week, depending on what exactly May asks them for.
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