European, Asian stocks fall on Fed policy meeting outcome
17 Mar 2021
Gulf Today Report
European stocks declined on Wednesday as investors await US Federal Reserve’s policy meeting outcome and BMW recorded gains.
BMW gained by 1.9% following its expectations of a significant year-on-year increase in group pre-tax profit in 2021 as it forecast a strong performance in all of its segments.
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Asian stocks declined on Wednesday as markets globally await US central bank’s latest assessment on the economy.
Japan's benchmark Nikkei 225 inched down less than 0.1% to finish at 29,914.33. South Korea's Kospi slipped 0.6% to 3,050.17. Australia's S&P/ASX 200 dipped 0.5% to 6,795.20. Hong Kong's Hang Seng edged down nearly 0.1% to 29,014.67, while the Shanghai Composite was little changed, down less than 0.1% at 3,444.70.