Traders Corner
- The S&P500 rose, as investors analysed corporate earnings and awaited results from the Federal Reserve’s two-day meeting.
- Most Japan stocks fell at the peak of earnings season as the yen traded near a one-month high to the dollar before a Federal Reserve policy decision.
- China’s stocks rose as real-estate developers, cement companies and household-appliance makers rallied on speculation the government may loosen property curbs.
- Hong Kong stocks swung between gains and losses after Chinese policy makers pledged to stabilize growth and as investors awaited the outcome of the Fed’s policy meeting.
- Gold up $7 and the rand 3 cents weaker from the local close.
- Major economic data today:
- 11:00: Unemployment rate - Euro
- 11:00: CPI - Euro
- 13:00: Mortgage applications - US
- 14:00: Trade balance - SA
- 14:30: GDP - US
- 20:00: Rate decision - US
- The local market should up +0.2% as commodities rose overnight.