Market Buzz: All eyes on central banks
Russian markets declined Monday, despite growing oil prices, with the MICEX losing 1% and the RTS sliding 0.9%.
European stock markets dipped on Monday, while Germany’s Bundesbank and the European Central Bank undermined hopes the ECB would soon make steps on government bond purchases. The Bundesbank warned that any move to share "solvency risks" across the eurozone should be decided by governments and not the ECB. The Stoxx Europe 600 moved 0.5% lower. Spain’s IBEX 35 slid 1.2%, while Italy’s FTSE MIB shed 1%.
US equities traded flat Monday as investors waited for events later in the week, including the minutes from the Federal Reserve’s meeting. The Dow Jones LOST 0.03%, while the S&P 500 and the Nasdaq closed flat.
Asian stocks traded mildly higher Tuesday, as investors kept their eye on central-bank news from the US and Europe. Japan’s Nikkei rose 0.1%, South Korea’s Kospi traded 0.2% higher, and Australia’s S&P/ASX 200 added 0.6%. In China, Hong Kong’s Hang Seng declined 0.1%, and the Shanghai Composite rose 0.6%.