Indices Flat as Investors Eye Fed Meet

China, Economic Depression

US stocks traded flat for much of the North American trading session, following a subdued European trading which saw quiet trade as investors focused on the monetary policy being held by the Federal Reserve later this week.

The pause in the rally in global equities and rise in indices came Asian markets posted decent gains on the back of strong data from Japan – the world’s third largest economy. The better than expected core machinery orders announced by Japan went some way to wiping out the risk aversion caused by yet another weak data release from China over the weekend.

US Markets

Led by gains in the energy sector,  the Dow Jones industrial average (DJI) rose 23.22 points to 17,236.53, the S&P 500 (SPX) shed 0.12 percent to trade at 2,019.7, whilst the Nasdaq Composite (IXIC) gained 0.11 percent to trad at 4,753.64.

Europe

Meanwhile, European stocks all posted modest gains, as the ratification of last week’s ECB stimulus measures continued from Friday. France’s CAC rose 0.31%,  Germany’s DAX jumped 1.62%, whist the FTSE 100 in the UK,  lost 0.52% as losses in the Oil and insurance sectors brought British stocks down. On the UK’s London Stock Exchange however, rising stocks outnumbered declining ones by 1367 to 736 with 474 ending unchanged by the time of the closing bell.

Fed Focus

With the ECB Stimulus measures announced and digested, investor attention turns to the Federal Reserve meeting this week. Although no interest rate rises are expected, investors will be looking out for for its view on the US economy and signs as to when the future rate hikes will be.

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Ben Myers

After graduating with a degree in Finance and Accounting, Ben has had a long and distinguished career in the world of global finance and investment. After working with multi-national institutions including HSBC and Bank of Ireland, Ben ran his own independent investment advice firm in the UK before chief analyst stints at a number of forex/binary options companies. Ben is currently CEO of www.mediamile.com and remains a keen trader and a featured contributor at investing.com and dailyforex.

About the Author

Ben Myers
After graduating with a degree in Finance and Accounting, Ben has had a long and distinguished career in the world of global finance and investment. After working with multi-national institutions including HSBC and Bank of Ireland, Ben ran his own independent investment advice firm in the UK before chief analyst stints at a number of forex/binary options companies. Ben is currently CEO of www.mediamile.com and remains a keen trader and a featured contributor at investing.com and dailyforex.