Oil prices tumbled on Monday as the U.S. and Iran engaged in dialogue, while Wall Street and Treasuries traded in narrower ranges ahead of big tech earnings reports and the Federal Reserve’s policy decision.
Market Moves
China’s benchmark indices rose 1-3%, while Europe was flat and the UK saw a 0.4% increase. The Dow rose 0.5%, and the S&P 500 and Nasdaq saw little change.
The dollar index was flat, with the Norwegian krone down almost 1% due to the oil slide. The Indian rupee had its best day in six weeks.
Federal Reserve Decision
The Fed’s decision on interest rates is expected on Wednesday, with markets putting a one-in-three probability on a rate hike. The lack of visibility is unusual, given the Fed’s history of forward guidance.
Original reporting: Appleton, WI News Feed (HLL/CB) — read the source article.
