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Caution creeps into Asian trading ahead of Fed decision [Reuters (UK)]

Bank of New York Mellon Corp (BK)  More Company Research Source: Reuters
Last bank of new york mellon corp earnings: 10/18 06:30 am Check Earnings Report
PDF Caution creeps into Asian trading ahead of Fed decision | Reuters 5 Min Read SYDNEY (Reuters) - A hush settled over financial markets on Wednesday as investors waited to hear how often the Federal Reserve might hike U.S. rates this year, while the currencies of exporting nations were rattled by fears of a full-blown trade war. MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS was barely changed after four straight days of losses. E-Mini futures for the S&P 500 ESc1 were slightly softer. Japan's Nikkei .N225 was closed for a local holiday while Australian shares were up 0.4 percent. Global shares rallied for all of 2017 but have started this year on the back foot, hit by a combination of factors including the risk of faster rate rises in the United States and alarm over protectionism. “Cracks in the bull case are starting to emerge,” said Michael Hartnett, chief investment strategist at BofAML, citing the bank’s March fund manager survey. “The threat of a trade w [Read more]

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