Asia Stocks Capped Ahead of Fed, Oil on Defensive
Tuesday, 18 June 2019 07:52 WIB | MARKET UPDATE |Saham Asia Indeks MSCI Asia Pasifik

Investor caution ahead of the Federal Reserve™s interest rate meeting capped Asian stocks on Tuesday, while crude oil prices retreated as global growth worries overshadowed supply concerns stemming from recent Middle East tensions.

MSCI™s broadest index of Asia-Pacific shares outside Japan inched up 0.05%.

Australian stocks added 0.1% while Japan™s Nikkei dipped 0.05%.

The Fed, facing fresh demands by U.S. President Donald Trump to cut interest rates, begins a two-day meeting later on Tuesday. The central bank is expected to leave borrowing costs unchanged this time but possibly lay the groundwork for a rate cut later this year.

Source : Reuters

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