European stocks advanced on Wednesday and Asian shares extended a losing streak as traders turned their focus to the outlook for monetary policy amid lingering worries for global trade. Treasury yields steadied after climbing a day earlier.
Energy companies and miners were among the biggest winners in Europe as oil futures rose with most commodities. Futures on the Dow, S&P 500 and Nasdaq held steady as America’s East Coast battened down for Hurricane Florence.
The MSCI Asia Pacific Index was on course for a 10th consecutive decline, the longest losing streak since 2002.
Two-year Treasury yields were little changed near a decade high and the dollar was steady. The euro and pound fell as Britain and the EU continued attempts to foster an amicable split.
Central banks are back in the spotlight this week, with market participants increasingly preparing for the Fed to raise rates twice more in 2018, and policy meetings on the schedule for the European Central Bank and Bank of England, as well as Turkish and Russian central banks.
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