Global Stocks: U.S, European equity futures climb

U.S. and European equity futures climbed Tuesday, while Asian stocks were mixed, and Commodities retreated, as investors mulled this week’s key Federal Reserve meeting,

Japanese shares gained, while Australian stocks outperformed after a holiday. Chinese equities declined on concerns about liquidity and as metals prices slid led by copper.

Gains in technology shares had pushed the S&P 500 to a record Monday, though three stocks fell for every one that rose. The 10-year Treasury yield pulled back under 1.5%, while the dollar was steady.

Investors are awaiting clues from the Fed about a timetable for scaling back emergency monetary stimulus after a pullback in bond yields eased tapering concerns.

Expectations are that the central bank will reaffirm the pace of bond purchases this week, even if it delivers projections for interest-rate liftoff in 2023.

Bloomberg/Hauwa Abu