Market Stagnation as Investors Await Fed Decision and Nvidia's China Export News

Stock indexes showed little change while the dollar edged higher. Nvidia's chip export to China captured investor attention. Fed's rate decision anticipated. Global markets cautious with mixed moves in the U.S., Europe, and Australia, as economic data and monetary policies drive discussions.

Stock indexes remained relatively unchanged, with the dollar edging slightly higher. Investors are keenly focusing on the upcoming Federal Reserve meeting while considering the implications of Washington permitting Nvidia's H200 chip exports to China, albeit with a 25% sales fee.

U.S. Treasury yields saw a slight increase following labor market data indicating modest job openings in October. Concurrently, traders predict an 89.6% probability of a 25-basis-point rate cut by the Fed this week, projecting a potential division among policymakers.

Globally, monetary policies continue to influence market interventions. The Australian central bank held rates steady, hinting at potential hikes if inflation persists. European indices saw minor declines, with talks on euro interest rates suggesting an eventual increase. In the oil market, prices fell as peace talks between Russia and Ukraine dominated headlines.

(With inputs from agencies.)