U.S. futures edge up, Asian markets recover from lows ahead of Fed decision
U.S. stock futures edged higher in early trade, with Dow Futures up 42 points (+0.09%) at 44,675, Nasdaq Futures gaining 41 points (+0.17%) at 23,349, and the US Small Cap 2000 Futures advancing 9 points (+0.41%) to 2,252. This comes after the Dow Jones Industrial Average fell 205 points (-0.46%) and the Nasdaq Composite declined 80 points (-0.38%) in the previous session, snapping recent winning streaks.
European futures showed mild gains with Germany's DAX Futures up 21 points (+0.09%) and UK's FTSE Futures climbing 17 points (+0.18%).
In Asia, South Korea's KOSPI rose 22 points (+0.70%) and Taiwan's Taiex Futures jumped 176 points (+0.77%), indicating resilience in regional sentiment. However, Hong Kong's Hang Seng Futures dipped 109 points (-0.43%) while Japan's Nikkei Index remained flat, slipping just 10 points (-0.02%).
Back home, Gift Nifty—India's indicator for near-term equity direction—was marginally lower by 15 points (-0.06%) at 24,824 (adjusted), hinting at a cautious start for Indian equities.
Investors globally are bracing for the Fed's rate guidance amid ongoing inflation concerns and watching for cues on the trajectory of economic growth and liquidity in the coming quarters.
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Arunika Jain, a graduate in Mass Communication, brings a fresh perspective to the world of journalism. Arunika has a passion for writing finance and corporate news at BusinessUpturn.com. You can write to her at [email protected]
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