Global Equity Markets Higher Ahead of FOMC Meeting
European markets are moving steadily higher ahead of the Federal Reserve interest rate decision. No changes in U.S. monetary policy are expected.
However, the FOMC could indicate when it will reduce its balance sheet of U.S. securities. The tone of the FOMC statement will also be important for markets.
Oil also in focus, as Brent trades above $50. In terms of oil stocks leading the way after Tullow Oil reported higher revenues in the first half.
Join Currency Analyst David Song at 12:30 EDT/16:30 GMT for a preview of trading conditions ahead of the FOMC meeting. Later, join Chief Strategist John Kicklighter today at 13:45 EDT/17:45 GMT for live coverage of the July FOMC rate decision.
--- Written by Katie Pilbeam, DailyFX