Investor focus locks on Fed as China rout slows

* European stocks boosted by upbeat earnings

* China blue-chip index closes up 0.2%

* Yuan edges back from three-month lows

* Dollar makes marginal gains

* Fed statement due at 2 p.m. EDT

By Tom Arnold

LONDON, July 28 (Reuters) - Global equities regained some poise on Wednesday as a storm in Chinese stocks showed signs of easing, while the dollar made modest gains as investors awaited a Federal Reserve meeting.

After two sessions of falls, Europe's pan-continent STOXX 600 index .STOXX added 0.3%, helped by encouraging earnings reports from Barclays BARC.L , Deutsche Bank DBKGn.DE and French luxury group Kering PRTP.PA .

That gave investors some relief from worrying about China after a wave of heavy selling in recent days on the back of broadening regulatory crackdowns.

The rout appeared to slow on Wednesday as Chinese blue chips .CSI30 closed up 0.2%, but the Shanghai Composite Index .SSEC ended 0.6% down, its lowest close since March 10.

After Asian markets closed, focus quickly turned to the Fed.

Investors are primed for any hints on when the central bank will start reducing its purchases of government bonds and any new insight into its views on inflation and economic growth.

"In the background, you have the ripple effect of the Chinese crackdown and a lot of companies reporting today, but the Fed is the major event," said Francois Savary, chief investment officer at Swiss wealth manager Prime Partners.

"Are we going to get a timetable on tapering? Is it going to be clearly announced?"

The statement from the Fed policy meeting is due at 2 p.m. EDT (1800 GMT), with a news conference by Chairman Jerome Powell expected half an hour later.

In U.S. stock futures, the S&P 500 e-minis ESc1 , were 0.1% higher, signalling a recovery on Wall Street after stocks on Tuesday retreated a little from the record highs set earlier in the week as ripples from China spread.

In U.S. trading, the Nasdaq Golden Dragon China benchmark of Chinese tech stocks listed in New York fell another 6%, taking its losses since Friday past 20% and wiping $500 billion off its value.

Chinese state-run financial media urged calm on Wednesday after a roiling of stocks in the technology, property and education sectors in recent days.

Hong Kong's benchmark .HSI added 1.5%, but remained near nine-month lows.

MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS was 0.3% firmer after three straight sessions of losses.

"The moves are being driven by general risk appetite. On Monday and Tuesday Chinese stocks led everything lower but today there is a bit of pause for assessment," said Colin Asher, senior economist at Mizuho in London.

"There were question marks over the global implications of the recent moves by Chinese authorities but the macro impact on most countries is limited."

With investors holding off on major bets before the Fed meeting, the dollar made marginal gains after earlier being pinned down by demand for safe-haven currencies.

The U.S. dollar index =USD moved into positive territory after trading lower in Asian hours, with the greenback last up 0.1% at 92.575.

The currency has had a month-long rally after a hawkish shift from the Fed in June.

The Chinese yuan CNY= edged back from three-month lows. It had its worst day since October on Tuesday.

The yield on benchmark 10-year Treasury notes US10YT=RR strengthened to 1.2644%, up from the U.S. close of 1.234%.

Greek government bond yields hit new lows on Wednesday as the promise of more central bank largesse to counter the Delta coronavirus variant pushed up demand for even the lowest rated euro zone countries.

Greece's benchmark 10-year government bond yield GR10YT=RR dropped a basis point to a seven-month low of 0.61%.

Oil prices rose as industry data showed U.S. crude and product inventories fell more sharply than expected last week, outweighing worries that surging COVID-19 cases would curb fuel demand.

U.S. crude CLc1 rose 0.52% to $72.02 a barrel and Brent crude LCOc1 rose 0.31% to $74.71 per barrel.

Gold held steady, with spot prices XAU= flat at $1,797.97 near the key psychological level of $1,800, while Bitcoin BTC=BTSP rose around 3.2%, trading just above $40,000.

World FX rates YTD Link
Global asset performance Link
Asian stock markets Link
Chinese stocks in U.S. take a beating Link

Reporting by Tom Arnold in London and Alun John in Hong Kong;
Additional reporting by Sujata Rao; Editing by Ana Nicolaci da
Costa, Kim Coghill, Catherine Evans and Timothy Heritage

免責聲明: XM Group提供線上交易平台的登入和執行服務,允許個人查看和/或使用網站所提供的內容,但不進行任何更改或擴展其服務和訪問權限,並受以下條款與條例約束:(i)條款與條例;(ii)風險提示;(iii)完全免責聲明。網站內部所提供的所有資訊,僅限於一般資訊用途。請注意,我們所有的線上交易平台內容並不構成,也不被視為進入金融市場交易的邀約或邀請 。金融市場交易會對您的投資帶來重大風險。


本網站的所有XM和第三方所提供的内容,包括意見、新聞、研究、分析、價格其他資訊和第三方網站鏈接,皆爲‘按原狀’,並作爲一般市場評論所提供,而非投資建議。請理解和接受,所有被歸類為投資研究範圍的相關内容,並非爲了促進投資研究獨立性,而根據法律要求所編寫,而是被視爲符合營銷傳播相關法律與法規所編寫的内容。請確保您已詳讀並完全理解我們的非獨立投資研究提示和風險提示資訊,相關詳情請點擊 這裡查看。

我們運用 cookies 提供您最佳之網頁使用經驗。更改您的cookie 設定跟詳情。

風險提示: 您的資金存在風險。杠杆商品可能不適合所有客戶。 請詳細閱讀我們的風險聲明