Stocks in Australia were set to edge higher at the open as investors await the U.S. Federal Reserve's decision on interest rates, expected later on Wednesday stateside.
On the corporate earnings front, South Korea's Samsung Electronics is set to post its first quarter results on Wednesday.Stocks in Australia were set to edge higher at the open as investors await the U.S.The SPI futures contract was at 5,325, as compared to the S&P/ASX 200's last close at 5,313.10. Australia's inflation data is expected to be out on Wednesday, with the Consumer Price Index for the first quarter set to be released around 9:30 a.m. HK/SIN.
On the corporate earnings front, South Korea's Samsung Electronics is set to post its first quarter results on Wednesday.In central bank news, the Fed is expected to announce its interest rate decision at 2:00 a.m. HK/SIN on Thursday. Investors will look for guidance on the U.S. central bank's future path of interest rates as the country looks toward gradually reopening its economy.
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