LONDONTOKYO, Sept 19 Reuters Global stocks rose slightly on Tuesday while the dollar traded just below its highest in six months as traders avoided big bets ahead of interest rate decisions by the Federal Reserve, Bank of England and Bank of Japan in the coming days.
Oil prices continued to push higher, with the international benchmark Brent crude price moving past 95 to its highest since November 2022.
MSCI39;s index of global stocks was up just 0.06 after falling 0.24 on Monday. The MSCI Asia index, which excludes Japan, slipped 0.11.
The panEuropean STOXX 600 index was up 0.13. Britain39;s FTSE 100 rose 0.14 while Germany39;s DAX fell 0.06.
The key event for investors this week is the U.S. Fed39;s interest rate decision on Wednesday.
Although the central bank is expected to leave borrowing costs on hold at 5.25 to 5.5, traders will be on the lookout for clues about how long the Fed is likely to hold rates around current levels. After a strong run of U.S. data, speculation has heightened that the bank could strike a tough tone.
Futures on the U.S. SP 500 were up 0.11 after the stock index finished a touch higher on Monday. Nasdaq futures were 0.1 higher.
The whole debate now has moved from where is the peak for rates to how long do you stay at the peak for, said Duncan MacInnes, investment director at British firm Ruffer.
Given how the economy continues to surprise with its robustness, given that risk assets in particular have surprised with their robustness,…