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U.S. stocks remain lower ahead of Fed interest-rate decision

“The stock fell 49% prior to the freeze, on pace for the largest single-day decline in the stock since it went public in 1982” writes Andrea Riquier for marketwatch.com. The actions come ahead of a policy decision by the rate-setting Federal Open Market Committee at 2 p.m. China’s CSI 300 Index 000300, +0.48%  gained 0.5% after a 1.7% drop on Tuesday, and Japan’s Nikkei 225 index NIK, -0.18% fell 0.2%. Source: marketwatch.com

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What’s really priced in for the Federal Reserve decision

“Effective Fed funds was 2.30% today from 2.14% at the start of the week” reports forexlive.com. The October Fed funds contract is trading at 1.89% right now, which is 1.5 bps above the midpoint of 1.75-2.00%.Many market participants have come to rely on two tools to gauge the likelihood of a Federal Reserve interest rate cut. What’s more interesting is what’s priced in for October and that is a 50/50 probability right now and signals on that will dictate the market’s response. Source: forexlive.com

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Gold on track for first loss in 3 sessions as traders await Fed policy decision

“All eyes will be on the Fed as its rate setting Federal Open Market Committee releases its policy decision at 2 p.m” writes Markets Commodities Reporter for marketwatch.com. The rate decision will be announced at 2 p.m.Gold futures headed lower on Wednesday, on track to post their first loss in three sessions, ahead of a Federal Reserve decision that could set the near-term tone for bullion trading for the next several weeks.December gold GCZ19, -0.04%  on Comex fell by 80 cents, or 0.05%, to $1,512.60 an ounce, threatening to snap…

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Dow Futures Drift Lower, Global Markets Cautious Ahead of Fed Rate Decision

“Global stocks traded cautiously Wednesday, with investors focused on both the U.S. Federal Reserve’s September rate decision later today in Washington and the impact of last weekend’s attacks on two key Saudi oil facilities on world crude markets” writes Martin Baccardax for thestreet.com. The U.S. dollar index, which tracks the greenback against a basket of six global currency peers, was marked 0.2% higher at 98.47, while benchmark 2-year U.S. Treasury bond yields rallied 5 basis points to 1.705%. Source: thestreet.com

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Stocks open slightly lower ahead of Fed decision

“U.S. stocks edged slightly lower at the opening bell Wednesday, as investors awaited the conclusion of a Federal Reserve policy meeting that’s expected to deliver another quarter-point rate cut” writes William L for marketwatch.com. While the Fed is expected to cut rates when it concludes its meeting, investors will be watching for signs the Fed is ready to deliver further easing in coming months.The Dow Jones Industrial Average DJIA, -0.28% was down 88 points, or 0.3%, to 27,023, while the S&P 500 SPX, -0.32% lost 9 points, or 0.3%, to…

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Asia Pacific stocks mixed as investors await Fed interest rate decision

“Stocks in Asia Pacific were mixed in Wednesday afternoon trade as investors await the U.S. Federal Reserve’s interest rate decision, set to be released later stateside” writes Eustance Huang for cnbc.com. Elsewhere, the Nikkei 225 in Japan traded 0.1% lower while the Topix fell 0.55%.In mainland China, shares were up by the afternoon, as the Shanghai composite gained 0.39% and the Shenzhen component was 0.14% higher.The brewing giant said on Tuesday it would offer 1.3 billion shares at between HK$27 and HK$30 ($3.45 to $3.83) apiece. Source: cnbc.com

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Prosecutor can appeal ICC decision blocking Afghan investigation

“Tuesday’s decision removes a hurdle for appeal, but does not indicate the court will change course and allow a full probe into alleged war crimes in Afghanistan” writes Midwest Communications Inc for 95kqds.com. U.S. President Donald Trump called the decision “a major international victory,” and denounced the international court for its “broad, unaccountable, prosecutorial powers”, as well as for what he considers its threat to American sovereignty. Source: 95kqds.com

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Aimmune’s stock halted as FDA panel’s decision awaited on peanut allergy treatment

“Aimmune Therapeutics Inc.’s stock aimm has been halted for news Friday, as the Food and Drug Administration’s Allergenic Products Advisory Committee (APAC) is meeting about the efficacy and safety data of the biopharmaceutical company’s treatment for peanut allergies, Palforzia” writes Reporter Editor for marketwatch.com. APAC is discussing whether the data supports licensure of Palforzia as a treatment to reduce the incidence and severity of allergic reactions, including anaphylaxis, after accidental exposure to peanuts in patients 4 through 17 years of age. Aimmune’s stock had gained 25% this week through Thursday,…

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IMF has a decision to make in Argentina: rock or hard place?

“The IMF, which agreed a $57 billion line of credit with the South American nation last year, needs to make a decision on releasing the latest tranche of those funds” writes Midwest Communications Inc for 95kqds.com. When asked about risks to the program on Thursday, a spokesman said the IMF would not make a decision until Washington meetings with Argentine officials, planned for late September.”The Fund will not disburse more money until the presidential election in October,” opined Gabriel Monzon, head of local consultancy Grupo Latina. Source: 95kqds.com

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