Mon, 18 Oct 2021

WASHINGTON -- The U.S. Federal Reserve is expected this week to offer clearer clues on its plans to begin tapering asset purchases as early as November, economists have said.

The Federal Open Market Committee (FOMC), the Fed's policymaking committee, will convene on Tuesday for a two-day meeting to assess the progress the U.S. economy recovery has made amid the spread of the Delta variant. (U.S. Fed-tapering-timeline)

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BERLIN -- German shares were off to a good start on Tuesday, with the benchmark DAX index rising 132.94 points, or 0.88 percent, opening at 15,265.0 points.

The biggest winner among Germany's 30 largest listed companies was powertrain company Vitesco Technologies, increasing by 2.22 percent, followed by chemical giant BASF with 1.94 percent and carmaker BMW with 1.90 percent. (Germany-stock-share)

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TOKYO -- Japan's Nikkei Index closed steeply lower on Tuesday, setting its largest one-day drop in three months in a plummeting global market.

The 225-issue Nikkei Stock Average finished down 660.34 points, or 2.17 percent, from Friday at 29,839.71, its lowest level since Sept. 6. (Japan-Stocks-Decline)

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