World Markets Today: Subdued, Sideways Before Fed’s Policy

20 September 2017 (8:15 AM IST)

19 September 2017 (10:46 PM EDT)

Global stocks are subdued and trading sideways in this session, waiting for the Federal Reserve’s monetary policy on Wednesday (2 PM EDT).

U.S. markets continued with their “jump rally” in overnight session; opening with a gap up then trading in a small but positive range. At the time of writing, U.S. stock futures are marginally lower but as we saw yesterday, these numbers can turn positive any time because the trend is strongly up in U.S. markets. European stock futures are mixed, so are Asia markets. SGX Nifty is just a few points lower, indicating another narrowly range bound session in India markets later today.

Expect global stock markets to trade within this week’s range and follow their dominant pattern, which is mostly positive. Intra day trading may remain subdued keeping the trading range small. Global stocks are following the trend in U.S. markets so the intra day trading pattern of U.S. stock futures will continue to lead the global trend.

Good luck, enjoy the session!

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