Markets Move into the Euphoria before FOMC

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Midday Market View

Asian equities advanced on Tuesday and the dollar slipped, with investor sentiment supported by Chinese data and optimism about COVID-19 vaccines. E-Mini futures for the S&P 500 put on 0.6%, reversing early losses, while EUROSTOXX 50 futures eased 0.4%. Chinese blue chips added 0.7%, buoyed by data showing China's industrial output rose 5.6% in August from a year ago, expanding for a fifth straight month. The yuan climbed to a 16-month high.

Midday Key Point

NZD is the strongest and CAD the weakest against the USD
German ZEW survey expectations come at 77.4 vs 69.8 than expected
ECB's Panetta says Governing Council ready to adjust all policy instruments

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