- Equities reduced gains prior to Wednesday's policy meeting of the Federal Reserve. A dollar indicator dropped, while gold increased.
- European equities and US futures remained largely unchanged despite signs of weakening global growth. Growing rumors of China's reopening sparked another rise in Asia, with premarket trading in US-listed Chinese stocks rising and the Hang Seng index rising during a session that was cut short by a storm warning.
- Prior to the Fed meeting, when the institution is anticipated to raise interest rates by 75 basis points for the fourth consecutive meeting, traders are weighing conflicting economic data. The Bank of England is scheduled to raise its benchmark rate on Thursday, while the European Central Bank raised rates last week at its second straight meeting.
- Treasury rates barely changed, while the yen rose as an indication that traders expect the impact of Fed tightening on the currency to be minimal.
