Uncertainty of the markets contributed to the indecisiveness of Asian investors, who are waiting for the Fed meeting and clues regarding the future monetary policy of the United States.
The MSCI index rose slightly higher after its fall during the Asian session, as well as the session on Wall Street. DJIA reached its historic high at the close of the fifth session in a row, and the S & P 500 closed the second session in a row at a record high, as the growth of yield on Treasury bonds contributed to the growth of shares in the financial sector. The Japanese Nikkei index, also following the global positive trend, rose 1.2% at the beginning of trading against a weak yen, as the Tokyo Stock Exchange opened today after a holiday weekend.
On Thursday, a report on the monetary policy of the Bank of Japan will be published, and, according to forecasts, it will remain unchanged. The Bank of Japan is in no hurry to announce the date of the beginning of the relaxation of stimulation of the economy and seeks to maintain the yield of the bonds under its control.
The Australian dollar grew rapidly after the publication of the minutes of the RBA meeting on monetary policy. The report showed that the bank expects a stable growth in employment amid economic growth in the country, noting the risks of housing debt outstripping household incomes. Geopolitical problems will continue to exert pressure on the market, as President Donald Trump first prepares to address the United Nations today, when world leaders are seeking a diplomatic solution to the nuclear threat from North Korea. US Secretary of Defense James Mattis yesterday hinted at the existence of a military way to stop a tough counterattack by Seoul, however, he did not begin to talk about what specific options are involved, and whether they are related to the use of lethal weapons.
Crude oil traded without some dynamics, as there was not enough momentum to move in one direction or another: the markets are waiting for the publication of stocks of raw materials, which will be held later this week. In early trading, US crude futures rose 0.1%, while Brent, in turn, traded 0.1% lower at $ 55.44 a barrel.