Overseas Trading: Asia Mixed Post-Fed; Europe Drops on Earnings

Asian stock markets were mixed following the U.S. Fed's latest policy statement

Oct 29, 2015 at 8:30 AM
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It was a mixed finish in Asia today, after the U.S. Fed indicated a December interest rate hike was still under consideration. Likewise, a stronger-than-forecast report on Japanese industrial production put a damper on expectations for the Bank of Japan to open the throttle on its stimulus efforts following its Friday meeting. By the close, China's Shanghai Composite added 0.4%, Japan's Nikkei rose 0.2%, South Korea's Kospi backpedaled 0.4%, and Hong Kong's Hang Seng gave up 0.6%.

European markets are pointed south at midday, pressured by a generally gloomy round of corporate earnings. Deutsche Bank has tumbled more than 7% in Frankfurt following its quarterly results; elsewhere, oil majors Eni and Royal Dutch Shell are also in the red post-earnings. At last check, London's FTSE 100 is 1.1% lower, France's CAC 40 is off 0.8%, and the German DAX is down 0.5%.

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