Global Stocks Steady Ahead of Central Bank Meetings
April 26 2016 - 4:10AM
Dow Jones News
Global stocks were little changed Tuesday as investors looked
ahead to key company earnings reports and central bank meetings
later in the week.
The Stoxx Europe 600 inched up 0.5% in early trade, paring
losses from the previous session. Shares of BP PLC were up over 3%
after earnings from the oil company beat expectations. Orange SA
also gained after France's largest telecom company reported a rise
in first-quarter revenue.
Markets in Asia were mostly lower, following modest losses on
Wall Street. Stocks in Japan fell 0.5% as the yen extended gains
against the dollar ahead of a Bank of Japan meeting on Thursday.
Market participants agree that the Bank of Japan ought to do more
to combat deflation, but are divided on whether the bank will act
at its meeting this week.
Investors globally were also cautious ahead of a meeting of
Federal Reserve officials on Wednesday, where officials are
unlikely to raise interest rates, but could drop hints about
whether they might act in June.
Write to Riva Gold at riva.gold@wsj.com
(END) Dow Jones Newswires
April 26, 2016 03:55 ET (07:55 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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