Asia markets drop ahead of Fed decision, oil prices push on

Crude markets are being closely followed as the commodity continues to rise, with both main contracts up more than a third since the middle of the year, largely fuelled by the production cuts by Riyadh and Moscow that are expected to stay until year’s end. – EPA pic, September 19, 2023.

ASIAN stocks sank today following sedate performance on Wall Street as investors keep their powder dry ahead of the Federal Reserve’s policy decision later in the week.

The meeting comes during a crucial week for markets, with the Bank of England expected to unveil what could be its last interest rate hike of this cycle, while the Bank of Japan will be closely followed for hints at a change from its ultra-loose stance.

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