Asian stocks fell for a third day ahead of a US Fed rate announcement. The MSCI Asia Pacific Index slipped 0.3 percent to 132.41. Japan’s Topix index lost 0.6 percent as the yen traded at 111.04 per dollar while South Korea’s Kospi index fell less than 0.1 percent. Australia’s S&P/ASX 200 Index was little changed while New Zealand’s S&P/NZX 50 Index slipped 0.2 percent. Both markets resumed trading after Monday’s holiday. Futures on the FTSE China A50 Index and the Hang Seng Index were both up 0.1 percent while the Shanghai Composite Index declined 0.4 percent. (Apr 26, 2016 07.30 a.m)
In Oil – Oil prices lost steam following a rally to five-month highs last week with Brent crude LCOc1 traded at USD44.71 per barrel, down 0.9 percent so far this week, off its five-month high of USD46.18 hit last week but West Texas Intermediate crude climbed 0.8 percent early Tuesday after sliding 2.5 percent on Monday. (Apr 26, 2016 07.30 a.m)
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