Investors are waiting for the Fed’s statement and forecast on the state of the world’s largest economy.
On Wednesday, the markets see a rise in stocks, a decline in the dollar, and an increase in risk appetite. At the same time, investors wait for the results of the US Federal Reserve meeting and new economic forecasts that will assess the prospects for the world’s largest economy.
In the last session, stocks rose after publishing positive data on the US and Chinese economies. Growth continued on Wednesday, despite a sluggish start to trading in Europe.
MSCI’s global equity index, which covers 49 countries, rose 0.2 percent for the fourth day in a row, while Europe’s MSCI rose 0.1 percent.
US stock futures rose as investors hope the fed will promise to keep interest rates low for an extended period.
While economic forecasts are expected to improve slightly from June, Fed Chairman Jerome Powell is likely to reiterate that the path to recovery will be long and uncertain.
Investors are also waiting for the release of data on retail sales in the US in August, which should arrive at 12.30.
The Japanese yen continued to rise, reaching a near seven-week high of 104.995 per US dollar.
The dollar fell 0.3 percent against a basket of currencies to 92.879.
The Euro rose 0.2 percent to $ 1.18635.
Oil prices rise for the second day in a row, with US crude hitting a one-week high, rising 2.1 percent to $ 39.09 a barrel.
Gold prices rose 0.4 percent to $ 1,962.66 an ounce.