Stocks, Futures Rise Ahead of Fed Meeting; Oil Up: Markets WrapMore
(Bloomberg) — European stocks edged higher along with U.S futures as investors waited for the outcome of the Federal Reserve’s policy meeting later Wednesday. Treasuries and the dollar were steady.
Retail and technology shares led gains in the Stoxx Europe 600 Index. S&P 500 futures advanced after the benchmark rose for a third consecutive session on Tuesday. Crude oil extended gains following a surprise drop in U.S. crude stockpiles.
Markets in Asia were mixed, with equities sliding in Korea and China. Australian stocks outperformed.
Investors are looking for catalysts to take markets higher after an impressive global recovery sputtered in the first half of September. The Fed is expected to