Markets in wait-and-see mode ahead of Fed meeting – Danske Bank

Financial markets are in wait-and-see mode ahead of tonight’s Fed meeting and Asian equity markets are slightly up this morning, while the USD dollar index, DXY, is slightly weaker, notes Chief Analyst, Jakob Christensen at Danske Bank.

Key Quotes

“Asian energy stocks were boosted by the higher oil prices, which rose slightly amid market speculation that US President Trump and Saudi crown Prince Mohammed Bin Salman discussed possible US withdrawal from the Iran nuclear deal at a meeting at the White House yesterday. Meanwhile, the US equity markets rebounded yesterday following the sell-off the day before, driven by the Facebook scandal about releasing 50 million user account to an analytical firm that helped President Trump win the election.”