The Fed’s communication could set the tone for markets ahead of policy decisions from the European Central Bank (ECB) on Thursday and the Bank of Japan (BOJ) on Friday. The ECB appears poised to make another small hike while the BOJ is widely expected to leave its ultra-easy policy settings on hold.
Euro zone June M3 annual growth and lending data on Wednesday are unlikely to affect markets ahead of the ECB’s decision.
Meta Platforms stands out among company earnings reports due on Wednesday in the United States, which also include AT&T, Thermo Fisher Scientific, U.S. railroad operator Union Pacific Corp, eBay, Boeing and Coca-Cola.
Both Microsoft and Alphabet announced strong earnings results after the U.S. close on Tuesday.
In Europe, France-based retail distributor Carrefour and global foods and beverage company Danone report, as do GSK and Stellantis.
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Graphics are produced by Reuters.
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In Asia, markets are awaiting details on fresh economic stimulus measures from China following the Politburo’s pledge on Monday to step up policy support for the faltering economy.
Chinese stock markets were mostly lower on Wednesday following a steep rally the day before. Hong Kong’s Hang Seng Index fell 0.8%, trailed by its property and tech subindexes. China’s blue-chip CSI300 index was down 0.3% while the CSI 300 Real Estate index gained 0.2%.
Australian CPI data released on Wednesday showed inflation slowed more than expected in the June quarter, giving the Aussie a knock but allowing the Reserve Bank of Australia some breathing room before its next policy meeting on Aug. 1.
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/cloudfront-us-east-2.images.arcpublishing.com/reuters/BJYKNNKM4VMUPKTLOZON2QWNL4.jpg "Markets brace for Fed decision, earnings flood 40")
