Off in Japan, China adds strength to the pre-Fed trading lull.
Even so, the S&P 500 Futures print mild gains while marching towards 4,200, up for the third consecutive day. However, the US 10-year Treasury yields remain inactive at around a 3.0% rate as an off in Tokyo limits bond moves in Asia. While considering the same, the Australia and New Zealand Banking Group said, “Given the weight the FOMC puts on forward guidance and a preference for orderly market moves, particularly given current geopolitics and the slowdown in China, such a surprise seems unlikely.”
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
Source: News Formal (newsformal.com)
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