Asian shares mostly fell in muted trading Tuesday as investors awaited decisions on interest rates and earnings reports from around the world.
Traders were awaiting the U.S. Federal Reserve’s decision on interest rates, expected on Wednesday. They are also watching for indicators on the Chinese economy, the region’s key engine for growth.Traders were awaiting the U.S. Federal Reserve’s decision on interest rates, expected on Wednesday. They are also watching for indicators on the Chinese economy, the region’s key engine for growth.
“Despite these shifts, U.S. recession risk remains a major worry and may be the most significant risk to the global cyclical picture,” he said. The central bank’s next decision on rates is coming Wednesday, and most investors expect it to announce an increase of just 0.25 percentage points. That would be the smallest increase since March, following a spate of hikes of 0.75 points and then a 0.50-point increase, and it would mean less added pressure on the economy.
Central banks for Europe and for the United Kingdom are also set to announce their latest increases for rates this week.
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