Markets steady as China congress starts and focus shifts to monetary policy
Milan — World stocks stayed near peaks and currencies moved in tight ranges on Wednesday as China’s Communist Party conference opened, and the focus in Europe turned to speeches from top eurozone central bankers before next week’s key policy meeting. Talk over the next US Federal Reserve chairperson also gave investors something to chew on as the MSCI’s 47-country all-world index added 0.08% by 8.21am GMT, staying at striking distance from the record high hit on Monday. European shares steadied at about four-month highs with a raft of company results in focus, and eurozone bond yields fell ahead of a series of speeches from top European Central Bank officials before the next key policy meeting on October 26. "Today, bond market investors will probably concentrate exclusively on the various ECB speakers, who could influence market expectations for the last time ahead of next week’s meeting," said BayernLB rate strategist Alexander Aldinger. European Central Bank chief Mario Draghi, c...
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