Global markets were subdued on Wednesday as investors awaited the Federal Reserve’s policy decision, according to Reuters. Treasury yields and the dollar held steady as markets expected the Fed to maintain interest rates despite White House pressure to cut. European and Asian stock indexes were mostly flat Wednesday, with early gains fading and major markets ending the session largely unchanged. Talks between the U.S. and China wrapped with no breakthrough, keeping markets cautious ahead of Trump’s August 1 tariff deadline. UBS beat expectations, but HSBC reported losses tied to China. Adidas and Kering warned that tariffs are pressuring prices. Microsoft and Meta are set to report results later Wednesday, with high expectations from investors eyeing tech to sustain the earnings momentum. Oil dipped, gold inched higher, and the euro was up against the dollar.
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