![]() ![]() Markets seem to be ready to accept a “no action” Fed meeting tomorrow based on Fed Fund futures having priced in a 99% chance of rates remaining the same after tomorrow, per the CME FedWatch website. ![]() European markets are higher in midday trading and U.S. India’s markets are closed today as the country observes Ganesh Chaturthi, a Hindu festival marking the birthday of the Hindu deity Ganesh, the god of prosperity and wisdom. China’s Shanghai Composite, which ended the day essentially flat, down a mere 0.03% while Taiwan’s TAIEX fell 0.37%, Australia’s ASX All Ordinaries declined 0.45%, South Korea’s KOSPI gave back 0.60%, and Japan’s Nikkei closed 0.87% lower on semiconductor chip company declines. Asia-Pacific equity markets finished the day mostly lower except for Hong Kong’s Hang Seng, which gained 0.37% in a mixed session led by Utilities and Non-Energy Materials.
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