Asian markets tick lower as Fed meeting approaches

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Hong Kong - Asian markets dipped on Tuesday as attention turns to this week's much-anticipated Federal Reserve meeting, while analysts said the recent Trump-fuelled rally may have been overblown.

Global stocks have surged since Donald Trump was elected US president as investors bet his plans for huge infrastructure spending and tax cuts will kick-start the world's top economy.

However, with the Fed meeting looming trading floors have quietened, waiting to see if the central bank provides any forward guidance on its plans for 2017 after an expected interest rate hike.

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USD/ZAR
14.05
0.0%
GBP/ZAR
19.67
0.0%
EUR/ZAR
17.10
0.0%
AUD/ZAR
11.03
0.0%
JPY/ZAR
0.13
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Gold
1,831.32
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Silver
27.45
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Palladium
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Resource 10
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Financial 15
12,711
+1.1%
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