Market Buzz: Awaiting central bank news
Russian markets advanced Monday with resources shares among the best performers amid hopes of further actions from central banks. The MICEX added 1.15% and the RTS climbed 1.2%.
US markets were closed on Monday for Labor Day.
European equities climbed for a second session Monday as investors renewed hopes that the meeting of the ECB Thursday would result in concrete steps after weak manufacturing data signaled a slowing global economy. The Stoxx Europe 600 rose 0.8%. The German DAX 30 added 0.6% and the French CAC 40 gained 1.2%.
Asia shares moved mostly lower on Tuesday, with Australia’s shares posting losses ahead of a Reserve Bank decision later in the session. Australia’s S&P/ASX 200 dropped 0.7%, while Japan’s Nikkei shed 0.4% and Hong Kong’s Hang Seng slipped 0.3%. South Korea’s Kospi was down 0.2% and China’s Shanghai declined 0.4%.