The three major U.S. stock indexes rose 1% on Wednesday as investors mostly took in stride the latest signals from the Federal Reserve, including clearing the way for the central bank to reduce its monthly bond purchases soon. The S&P 500 registered its biggest daily percentage gain since July 23.
European stocks rose as concerns over giant property developer China Evergrande Group eased and ahead of the U.S. Federal Reserve interest-rate decision later. China's Shanghai Composite reopened after a holiday to muted gains, closing up 0.4%.
Existing Home Sales for August; EIA Weekly Petroleum Status Report; U.S. Federal Reserve economic projections, U.S. interest rate decision. Stock futures rose as concerns over giant property developer China Evergrande Group eased and investors awaited a policy update from the Federal Reserve.
European stocks rose on Wednesday, recovering from its early-week losses after debt-laden China
Evergrande (EGRNF) said it would make some interest payments, while travel and leisure stocks jumped to a 14-week high. Evergrande's Frankfurt-listed shares jumped 15.1% after hitting multi-year lows in the previous session.
Britain's FTSE 100 index is seen
opening 2 points higher on Wednesday, according to financial
bookmakers
* SHELL: Royal Dutch Shell (RDS/A) has ordered at least
three electric ferries in ...
Eurozone Flash Consumer Confidence Indicator; Germany Ifo Economic Forecast; Italy Industrial Turnover/Orders; U.S., Japan Monetary Policy Decisions; updates from Legrand, Babcock, Sainsbury's, Halma, Sasol. Continued caution over China Evergrande and worries ahead of the Fed policy update will likely cap gains for European shares on Wednesday. In Asia, stock markets were mostly lower, the dollar, Treasury yields and gold were little changed, while oil extended its advance.
Chicago corn futures edged higher on Wednesday, though gains were capped amid signs of ample global supply as U.S. farmers race to finish harvesting their crops. FUNDAMENTALS. * The most active corn futures on the Chicago Board Of Trade were up 0.2% at $5.18 a bushel, as of 0155 GMT, having closed 0.9% lower in the previous session when prices hit a one-week low of $5.12-3/4 a bushel.
U.S. stocks ended near flat on Tuesday after a broad sell-off the day before, with worries over troubles at developer China Evergrande and caution ahead of Wednesday's Federal Reserve policy news keeping a lid on the market. Trading was choppy, with the Dow and S&P 500 erasing session gains just before the close, while the Nasdaq finished slightly higher.
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