Wall Street on Hold Until Fed Speaks

marketsforu

Markets across the globe are muted after a mix Asian session overnight. Market sentiment is lacklustre at best, as equity markets search for a direction. U.S. stocks slipped from an eight-week high, where as European equities have fallen across the board in the first time in over 4 days.
Very little change at the moment as investors take a risk off approach as markets turn to the ECB and the Fed for additional stimulus as China slowdown sparks fresh concerns. Despite this the VIX indicator is slipping below 16pts for the first time since May this year as markets looks forward to Janet Yellen’s talk later today.