In Japan falling Nikkei 0.81 percent Wednesday morning, while the broader Topix index is down 0.83 percent.
The Shanghai Composite in China climbs however 0.16 percent, and CSI 300 is up 0.47 percent. Hang Seng in Hong Kong falling 0.07 percent.
In South Korea Kospi rising 0.08 percent, S & amp; P / ASX 200 index in Australia is up 0.15 percent, while the Straits Times Singapore falls back to 0.11 percent.
Fed and China
Investors are now waiting for the Federal Reserve. The Federal Reserve started Tuesday’s monetary policy meeting that culminates in a conclusion today.
Most expect that Governor Janet Yellen keeps key rate steady, and many economists see according to MarketWatch for only one rate increase for this year (in June). The Fed has previously signaled as much as four rate hikes this year.
– The market has potentially significant press conferences to consider during the next 24 hours, both from Chinese Premier Li Kqiang and from Fed chief Janet Yellen. Both of these can affect investment, and traders therefore remain cautious ahead of the statements, says chief analyst at CMC Markets in Sydney, Ric Spooner, to Bloomberg News.
– Yellen may play tough to convince the market that the another rate hike is not possible this year, and the Fed is indeed still rely on macro data to come, writes chief analyst Naeem Aslam Ava Trade in a note.
Oil prices
Oil prices have turned upward .
Brent oil rises Wednesday 1.21 percent to $ 39.21 a barrel, while WTI oil is up 1.55 percent to $ 38.67 a barrel.
In comparison was a barrel of North Sea oil traded at $ 38.69 a barrel at the close of trading on Tuesday.
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