S&P 500, Hang Seng, ASX 200 Outlook: Will the Fed Deliver Surprises?
S&P 500, HANG SENG, ASX 200, ASIA-PACIFIC MARKET OUTLOOK:
Markets are holding their breath for the FOMC meeting, with volatility continuing to fall
Asia-Pacific markets may trade with a cautious tone until the FOMC paints a clearer picture
Yields, FOMC, Volatility, Asia-Pacific Stocks Outlook:
US equities finished modestly lower following a disappointing February retails sales figure, which came in at -3.0% MoM compared to a -0.5% forecast. A poorer-than-expected reading was partly attributed to extreme cold weather last month, while January’s reading was revised up to 7.6% from 5.3%. Looking ahead, the impending US$ 1.9 trillion Covid relief bill is likely to revitalize consumer spending in the months to come.