World stocks mixed ahead of the FOMC

|By:, SA News Editor

Asian shares are mixed, European equities are mostly moderately lower and U.S. stock futures are higher as markets stay cautious ahead of the FOMC announcing its latest policy decision today.

With the Fed expected to taper some more and abandon its 6.5% unemployment rate threshold for considering rate hikes, punters are focusing on the triggers that would push the Fed to finally raise rates from rock-bottom levels.

Anatole Kaletsky writes on Reuters that as Janet Yellen chairs her first meeting as Fed Chair, she has a "once-in-a-generation opportunity" to "transform an entire generation's way of thinking about economics, market forces and the role of government in achieving and maintaining prosperity." So no pressure then.

Japan +0.4% to 14463, Hong Kong -0.1%, China -0.2%, India -0.05%.

Euro Stoxx 50 +0.2%, London -0.3%, Paris flat, Frankfurt +0.1%, Milan -0.15%, Madrid +0.1%.

U.S. stock futures: Dow +0.1%. S&P +0.1%. Nasdaq +0.2%