Global Stock Markets Await Federal Reserve's Key Decision Amid Trade Tensions
Global markets showed uncertainty as investors awaited the Federal Reserve's policy announcement, following fruitless U.S.-China trade talks. Treasury yields and the dollar remained stable, with focus on potential future rate cuts. Key economic reports and earnings, alongside looming U.S. tariff deadlines, added to the market's cautious tone.
Global stock markets maintained an uncertain trajectory on Wednesday, as investors anxiously awaited the Federal Reserve's impending policy announcement later that day. This anticipation came on the heels of unproductive trade discussions between the United States and China, leaving markets on edge.
Major indexes such as Europe's STOXX 600 were largely flat, with investors closely monitoring potential dissent within the Fed regarding interest rates. In the backdrop, U.S. President Donald Trump's August tariff deadline loomed, adding further tension to an already cautious market climate.
Market volatility was also impacted by mixed corporate earnings reports, with notable performances from UBS and challenges faced by HSBC due to escalating losses in China. Attention now shifts to U.S. tech giants Microsoft and Meta, whose impending earnings reports are expected to significantly influence the market's direction.
(With inputs from agencies.)
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