Stock market today: Asian shares slip after S&P 500 slips ahead of Fed interest rate decision
Asian shares are mostly lower ahead of a Federal Reserve decision this week on interest rates
By ZIMO ZHONG
Published - Oct 30, 2023, 01:09 AM ET
Last Updated - Oct 30, 2023, 04:50 AM EDT
HONG KONG (AP) — Asian shares were mostly lower on Monday ahead of a Federal Reserve decision this week on interest rates.
U.S. futures gained while oil prices fell more than $1 a barrel. as concerns over an escalation of the Israel-Hamas war added to uncertainty over supplies.
The Israeli military’s ground forces conducted incursions into Gaza over the weekend and Prime Minister Netanyahu warned of a “long and difficult” war.
A mixed set of economic reports Friday didn’t appear to change Wall Street’s expectations that the Federal Reserve will keep its benchmark rate of above 5.25% unchanged at a meeting Wednesday.
