Global markets mixed as investors wary of the FOMC meeting - Tuesday Review, March 16

Global markets mixed as investors wary of the FOMC meeting - Tuesday Review, March 16

Asian and European markets were boosted by optimism about the global economic recovery, and strong corporate earnings

The US

Stocks snapped out of the five-day winning rally as investors worried over the upcoming FOMC meeting. USA30 fell 0.39%, and USA500 went down 0.2%. TECH100 gained 0.1%.

Crude oil lost 1%, reaching $64.65 a barrel.

Gold rose 0.1% to $1,730.45 per ounce.

Asia and Australia

Asian markets were up amid growing optimism regarding a global economic recovery and ahead of the two-day FOMC meeting.

HongKong45 was up 0.39% after the registration for the COVID-19 vaccine opened for 5.5 million more people.

Japan225 gained 0.70%.

Down under, Australia200 surged 1.23%.

Europe

Despite Volkswagen’s strong earnings, the fresh COVID-19 concerns caused investors to be cautious. Germany30 traded 0.5% higher, while France40 went up 0.1%. UK100 climbed 0.5%.

Brent oil fell 0.9% to $68.23 a barrel.

EUR/USD traded at 1.1926 after it lost 0.1%.

Sources: reuters.com, investing.com

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