Markets tread water ahead of Fed decision; yen steady, yuan dips to 10-month low.
- Is Nvidia a Buy with the FOMC? One Simple Chart Tells the Story
- China’s golden week travel bookings surge, rail to handle 219m trips, boosting spending
- Japan pension giant GPIF starts domestic alternative investing with ¥50bn allocation
- ICYMI China services boost plan, opening key sectors & funding sports, culture, healthcare
- Recap: Japan’s exports fall for 4th month, US tariffs hit autos and chip equipment hardest
- China’s rare-earth export curbs hit European firms, EUR millions lost, shortages looming
- PBOC sets USD/ CNY mid-point today at 7.1013 (vs. estimate at 7.1021)
- Japan trade data August 2025: Exports -0.1% y/y (exp -1.9%), Imports -5.2% y/y (exp -7.5%)
- Australia’s Westpac Leading Index slips back below trend
- Singapore’s non oil exports slumped in August, very disappointing miss on estimates
- BofA sees $4,000 gold by 2026 but warns Fed risks could spark near-term pullback
- SocGen warns stocks could unwind if Fed proves less dovish than markets expect
- Fed preview: Most banks expect 25 bp cut, some 50 bp bigger easing, bigger impact, move
- New Zealand data: Q2 Current Account deficit is lower than expected
- Ex-Fed President Mester says here’s what’s making the FOMC rate cut decision so difficult
- Morgan Stanley CIO pushes 60/20/20 portfolio, says gold now stronger hedge than Treasuries
- New Zealand data: Westpac Consumer Confidence (Q3 2025) 90.9 (vs. prior 91.2)
- BofA survey: Fund managers keep crypto allocations near zero despite market growth
- Private survey of oil inventories shows a larger than expected headline crude oil draw
- investingLive Americas FX news wrap 16 Sep: US retail sales climb ahead of FOMC decision
It was another subdued session as investors sat tight ahead of the Federal Reserve’s FOMC decision and Chair Powell’s press conference. Markets broadly expect a 25bp cut, though there’s concern the Fed may signal a less dovish path than currently priced.
Local news was light. Japan’s exports fell again in August, but the contraction was smaller than expected thanks to a rebound in shipments to Asia. Still, overall exports remained negative for a fourth consecutive month.
FX was rangebound across the majors. USD/CNY slipped to a fresh 10-month low after Tuesday’s sharp U.S. dollar drop, with the PBOC offering little resistance — setting the daily fix with almost no damping.
Asia-Pac
stocks:
Japan
(Nikkei 225) +0.2%
Hong
Kong (Hang Seng) +1.35%
Shanghai
Composite +0.38%
Australia
(S&P/ASX 200) -0.75%
This article was written by Eamonn Sheridan at investinglive.com.