Sydney - Global stocks turned higher while the dollar stabilized after its worst month since March as investors weighed the impact of Donald Trump’s policies ahead of a Federal Reserve policy decision.
European stocks climbed with S&P 500 Index futures. Tokyo stocks erased an early loss and Indian equities rallied after the government unveiled its annual budget. The greenback strengthened against almost all its major peers, after dropping Tuesday as the Trump administration reiterated its preference for a weaker currency.
Oil stayed below $53 a barrel, while gold retreated after its best rally since June. Apple Inc. shares jumped in after-hours US trading as earnings beat estimates.