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| | US Market |  | | NYSE | AMEX | Dow Jones | Nasdaq |  |  |  |  | | Please click on the images to view our interactive charts | | The major U.S. index futures are pointing to a roughly flat opening on Tuesday following the sell-off seen in the previous session.
Traders may be reluctant to make any significant moves ahead of the Federal Reserve's highly anticipated monetary policy announcement on Wednesday.
Stocks moved sharply lower during trading on Monday, with the major averages adding to the losses posted last week.
The major averages climbed off their worst levels of the day going into the close but remained firmly negative. The Dow tumbled 335.60 points or 1.4 percent at 24,610.91, the Nasdaq plunged 137.74 points or 1.8 percent to 7,344.24 and the S&P 500 plummeted 39.09 points or 2,712.92.
The sell-off on Wall Street reflected lingering concerns about a potential trade war as well as political uncertainty following recent developments in Washington.
Traders are also looking ahead to the Federal Reserve's highly anticipated monetary policy announcement on Wednesday.
With the Fed widely expected to raise interest rates by 25 basis points, traders are likely to keep an eye on the accompanying statement for clues about the outlook for future rate hikes.
New Fed Chairman Jerome Powell's first press conference as head of the central bank is also likely to attract considerable attention.
Reports on new and existing home sales, durable goods orders, and leading economic indicators may also impact trading in the coming days.
A steep drop by social media giant Facebook (FB) is weighing on the markets amid allegations political consulting firm Cambridge Analytica inappropriately obtained and used user data.
Telecom stocks showed a significant move to the downside on the day, dragging the NYSE Arca Telecom Index down by 2.6 percent.
Smartphone chip supplier Qualcomm (QCOM) posted a notable loss following news former chairman Paul Jacobs won't be re-nominated to the company's board.
Energy, computer hardware and steel stocks also showed considerable moves to the downside, reflecting broad-based weakness on Wall Street.
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| | Europe |
European stocks held largely steady on Tuesday as a technology selloff faded and investors welcomed a preliminary deal on a transitional agreement that will lead to the orderly withdrawal of the U.K. Traders also looked ahead to the Fed and BoE meetings due this week for further direction.
The pan-European Stoxx Europe 600 index was up 0.15 percent at 374.26 in late opening deals after declining 1.1 percent in the previous session.
Fenner soared 25 percent in London after French tyre maker Michelin agreed to buy the British engineering company for 1.2 billion pounds ($1.7 billion).
Rio Tinto rose about 1 percent. The mining giant has entered into a binding agreement with Glencore for the sale of its entire interests in the Hail Creek coal mine and the Valeria coal development project in Queensland, Australia, for $1.7 billion.
French food company Danone rose half a percent after launching its first 300 million euros ($370 million) social bond to finance and refinance projects.
Ocado Group fell 1.5 percent. The British online grocer said that its sales during the final week of the first quarter were impacted by the winter storms that caused widespread disruption.
Wood Group dropped over 1 percent on posting a FY loss.
Publicis Groupe shares fell 1.5 percent, reversing earlier gains. The advertising giant said it aims to deliver an accelerated 5-10 percent headline earnings per share growth per annum over the next 3 years, at constant currencies. |
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| | Asia | | | | USDCAD | USDEUR | USDGBP | USDJPY |  |  |  |  | | Please click on the images to view our interactive charts | |
Asian stocks turned in a mixed performance on Tuesday as trade-war worries persisted and investors waited for cues from the new Federal Reserve Chairman Jerome Powell's first policy meeting starting later in the day, with the central bank widely expected to raise interest rates by 25 basis points.
Sentiment was also dampened after Facebook shares suffered the biggest one-day drop in four years overnight amid allegations that political consulting firm Cambridge Analytica inappropriately obtained and used the social media giant's user data.
China's Shanghai Composite index rose 11.39 points or 0.35 percent to 3,290.64 as China's legislature nominated Yi Gang, vice-governor of the People's Bank of China, as its new chief. Hong Kong's Hang Seng index was marginally lower in late trade.
Japanese markets fell as tech stocks followed their U.S. peers lower on reports Facebook allowed improper access to user data.
The Nikkei average shed 99.93 points or 0.47 percent to close at 21,380.97 before a public holiday on Wednesday and the U.S. central bank's rate decision.
The broader Topix index closed 0.21 percent lower at 1,716.29. Tokyo Electron, Eisai and Yaskawa Electric dropped 1-3 percent.
Australian markets retreated as commodity-related stocks declined on concerns that U.S. President Donald Trump could impose additional protectionist trade measures.
The benchmark S&P/ASX 200 index dropped 23 points or 0.39 percent to 5,936.40 while the broader All Ordinaries index ended down 23.90 points or 0.39 percent at 6,040.80.
Miners BHP Billiton, Rio Tinto, Fortescue Metals Group and South32 lost 2-3 percent as base metal and oil prices slipped on a firmer dollar ahead of the Fed and BoE meetings.
Internet provider TPG Telecom slumped 4.6 percent as it reported an 11 percent decrease in first-half profit. Kathmandu Holdings shares entered a trading halt after the outdoor clothing and equipment retailer said it has agreed to acquire U.S.-based Oboz Footwear for $60 million.
Australia's consumer confidence improved during the week ended March 18, while house prices climbed 1.0 percent sequentially in the fourth quarter of 2017, exceeding expectations for a flat reading, separate reports showed.
Minutes from the Reserve Bank of Australia's March 6 meeting revealed that the central bank remains worried about domestic growth being hampered by an appreciating exchange rate.
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| | Commodities |
Crude oil futures are jumping $0.91 to $62.97 a barrel after falling $0.28 to $62.06 a barrel on Monday. Meanwhile, after climbing $5.50 to $1,317.80 an ounce in the previous session, gold futures are falling $7.90 to $1,309.90 an ounce.
On the currency front, the U.S. dollar is trading at 106.54 yen compared to the 106.10 yen it fetched at the close of New York trading on Monday. Against the euro, the dollar is valued at $1.2286 compared to yesterday?s $1.2335.
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