World Stocks Mixed Ahead Of Fed Outcome

World Stocks Mixed Ahead Of Fed OutcomeEuropean shares slipped and most Asian stock markets posted gains on Wednesday as jittery investors fearful of a European debt implosion looked to the Federal Reserve to announce measures to jolt the U.S. economy.

The dollar rose against the euro and was stable against the yen, while benchmark oil hovered below $87 a barrel.


European shares fell in early trading. Britain’s FTSE 100 slipped 0.3 percent to 5,348.79 and Germany’s DAX dropped 1 percent to 5,518.21. The CAC-40 in Paris was 0.7 percent lower at 2,962.87.

Wall Street was headed for a muted start to trading, with Dow Jones industrial futures up 0.1 percent at 11,343 while S&P 500 futures were unchanged at 1,196.

Asian benchmarks were mostly higher. Japan’s Nikkei 225 index gained 0.2 percent to close at 8,741.16 after the Finance Ministry released trade data showing the country’s exports rose for the first time in six months.

The Dow Jones industrial average closed up 0.1 percent at 11,408.66, the Standard & Poor’s 500 index fell 0.2 percent to 1,202.09, and the Nasdaq composite index fell 0.9 percent to 2,590.24.

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