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Global Stocks Drop Ahead Of Fed Rate Decision; Dollar Rises As Sterling Tumbles

Global Stocks Drop Ahead Of Fed Rate Decision; Dollar Rises As Sterling Tumbles

European stocks declined for first session in five ahead of Wednesday's Dutch elections, debt ceiling expiration and the conclusion of the Fed's 2-day meeting where it is expected to raise rates by 25 bps. Tightening concerns emerged, also dragging down Asian shares and S&P futures, while the dollar continued its rise for a second day. Crude oil has ended its six-day drop. The pound tumbled 0.8% to the lowest since mid-January in a delayed reaction after Theresa May won permission to trigger the country’s departure from the EU.

China Prepares Countermeasures Against South Korea Missile Shield

China Prepares Countermeasures Against South Korea Missile Shield

The recent deployment by South Korea of the controversial US-made Terminal High Altitude Area ­Defence (THAAD) anti-missile system in response to potential ballistic threats from North Korea, has led to a furious response by China, whose first-strike ability would be compromised under the existing military configuration.  And as BBC reports, "the deployment in South Korea of the US Terminal High Altitude Area Defense (THAAD) missile defense system has been slammed by Beijing.

Global Stocks Rise, S&P Futs Flat As Dollar Rebounds Ahead Of Critical Week For Markets

Global Stocks Rise, S&P Futs Flat As Dollar Rebounds Ahead Of Critical Week For Markets

European bourses advance and Asian share rose led by a surge in Hong Kong stocks which rose the most in three months as Japan hit 15 month highs. U.S. futures are little changed along while the dollar rebounded from session lows after Friday's selloff. Crude oil has continued its retreat, down 0.2% and sliding for a 6th straight day after breifly dropping below $48 in overnight trading.

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