Asia mostly down, Europe mixed on global growth worries

FILE - This Oct. 4, 2014, file photo, shows the facade of the New York Stock Exchange. An easing in U.S. rate hike expectations following a speech by one of the Federal Reserve's policymakers helped shore up stock markets around the world on Tuesday, Sept. 13, 2016. Oil prices took a pounding after a leading industry group reduced its global oil demand forecasts. (AP Photo/Richard Drew, File)

TOKYO — Global shares were mixed Wednesday, with European indexes mostly higher and Asian markets posting moderate declines. Oil prices bounced back from overnight losses.

KEEPING SCORE: France's CAC 40 was nearly flat at 4,338.81, while Germany's DAX added 0.2 percent to 10,403.18. Britain's FTSE 100 gained 0.3 percent to 6,684.08. U.S. shares were set to drift higher with Dow futures flat and S&P 500 futures up 0.1 percent at 2,123.60.

FED FACTOR: Markets are on the lookout for what the Federal Reserve might do on interest rates, weighing various signs of possible economic recovery. Economists say December is the most likely time for the Fed to hike rates for the first time this year.

THE QUOTE: "The Federal Reserve blackout period is now upon us, giving traders a week to speculate on the impact of what has been said and the few pieces of data we get between now and the decision next Wednesday," Craig Erlam, senior market analyst at OANDA, said in a note. "While a hawkish consensus does appear to be building among the committee, the absence of some key policy makers from this makes a hike at the meeting next week very unlikely."

ASIA'S DAY: Japan's benchmark Nikkei 225 lost 0.7 percent to close at 16,614.24. Hong Kong's Hang Seng was down 0.1 percent at 23,183.44. The Shanghai Composite fell 0.7 percent to 3,002.85. India's Sensex rose 0.04 percent to 28,364.31, while shares were lower in Singapore, Indonesia and Taiwan. South Korean markets were closed for a national holiday.

ENERGY: Benchmark crude rose 35 cents to $45.25 a barrel. It fell $1.39, or 3 percent, to $44.90 a barrel in New York on Tuesday. Brent crude, the benchmark for international oil prices, rose 35 cents to $47.45 a barrel in London.

CURRENCIES: The dollar rose to 103.20 yen from 101.98 yen late Tuesday in Asia. The euro fell to $1.1226 from $1.1233.

People also read these

Stocks end mostly lower after Yellen speech

Aug 26, 2016

Stocks end mostly lower, giving up earlier gains after Fed Chair Yellen said the case for raising interest rates has strengthened

Asian stocks mixed ahead of US jobs data

Aug 31, 2016

Asian stocks are mixed Wednesday in listless trading ahead of jobs data later this week and continued anticipation of higher interest rates in the U.S. Japan's benchmark Nikkei 225 gained 0.8 percent to 16,857.07 in morning trading

Asian markets waver on mixed signals from China, Japan data

Sep 1, 2016

Asian markets were mixed Thursday as China and Japan, the region's two biggest economies, reported contrasting data

Subscribe to our newsletter!

Your Name

Your Email Address