Asian Equities Mixed Before Fed

Asian stock markets opened mixed on Wednesday as investors looked ahead to the Federal Reserve’s policy decision.

Wall Street rose for a third session as higher inflation data helped offset concerns over Iraq. May’s consumer price index jumped by a larger-than-expected 0.4 percent, with the report coming as the Federal Reserve kicked off its two-day policy review with a decision due later in the day.

On the data front, China’s May house price index is due at 9:30am SIN/HK while Thai investors are awaiting the Bank of Thailand’s latest monetary policy decision as well as revisions to gross domestic product data.

CNBC

Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at info@marketpulse.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.