The Latest: Central banks weighing on global stocks

Staff Writer
Columbus CEO

LONDON (AP) — The Latest on developments across financial markets (all times local):

11:20 a.m.

A downbeat economic assessment from the Bank of Japan and unease over what the Federal Reserve will decide at its policy meeting on Wednesday are weighing on global stock markets.

Following a dispiriting session in Asia, European markets are recording broad-based declines. The Stoxx 600 index of European shares is down 0.9 percent at 341.4.

Central banks are the main driver in markets.

Now that Japan's central bank has opted to keep policy unchanged, investors are turning their attention to the Fed, which begins its two-day meeting Tuesday.

Michael Hewson, chief market analyst at CMC Markets, says investors "will be looking for signs that Fed officials are worried enough about the recent global slowdown" to have revised down predictions of the future path of interest rate rises, which at the beginning of the year raised the prospect of at least four rate rises this year.