🧐 ProPicks AI October update is out now! See which stocks made the listPick Stocks with AI

Australia shares drift down ahead of Fed, BOJ meetings; NZ climbs

Published 20/09/2016, 01:21 pm
© Reuters.  Australia shares drift down ahead of Fed, BOJ meetings; NZ climbs
AXJO
-

By Shashwat Pradhan

Sept 20 (Reuters) - Australian shares nudged lower on Tuesday, pulled down by financial and telecom stocks, as investors anxiously awaited outcomes from the Bank of Japan and U.S. Federal Reserve policy meetings that conclude on Wednesday.

The consensus is that the Fed will leave interest rates unchanged at the end of its two-day meeting, with investors focusing on the statement as well as Chair Janet Yellen's speech for clues on the timing of the central bank's next interest rate hike. MKTS/GLOB

The Australian Securities Exchange opened without incident on Tuesday after technical faults caused extensive disruptions on Monday. and telecom stocks were the biggest drag on the benchmark S&P/ASX 200 index .AXJO which fell 0.2 percent or 12.2 points to 5,283 by 0312 GMT.

Conflicting reports on what the Bank of Japan (BOJ) might do at its policy meeting stoked market uncertainty. Speculation is rife that the BOJ will

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.