American stocks set for mild losses
On Monday, Wall Street set for a lackluster start, with market participants staying on the sidelines ahead of the Fed’s gathering, which could drop a hint at the future plans for interest rates.
Then, a renewed sell-off in crude prices also applied pressure on financial markets, because crude prices struggled to maintain their grip on the critical level of $43.
The Dow Jones Industrial Average futures dived 38 points, trading at 17,881. Meanwhile, the S&P 500 index acquired 3.75 points, trading at 2,082. Besides this, the Nasdaq 100 index futures tumbled 6.25 points at 4,459.75.
Financial analysts point out that there could be another rocky week in the financial markets, including special focus on the major banks, as market participants are waiting for fresh monetary decisions from the BOJ and the Fed.
The Fed’s representatives are expected to officially announce their latest rate decision right after their two-day gathering on Wednesday. The Fed’s supposed to leave its rate intact after recent volatility in the markets and mixed economic data.