Stock market today: World shares lower, Tokyo closed, as focus turns to U.S. Federal Reserve meeting

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Stock market today: World shares lower, Tokyo closed, as focus turns to U.S. Federal Reserve meeting
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Shares fell Monday in Europe and Asia, as investors awaited a meeting this week of the U.S. Federal Reserve.

Germany's DAX lost 0.4% to 15,827.65 and the CAC 40 in Paris declined 0.7% to 7,326.66. Britain's FTSE 100 was virtually unchanged at 7,709.53.Hong Kong's benchmark was pulled lower by property stocks following reports over the weekend that police had detained staff at the wealth management business of troubled real estate developer China Evergrande.

The market posted some gains last week following reports of several healthy economic indicators ahead of the Federal Reserve's two-day meeting, which ends Wednesday. That, and a meeting of Japan's central bank, are the biggest highlights expected for the week.

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