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US benchmarks open mixed as investors eye Fed’s decision on rate hike, de-escalation efforts to end Russia-Ukraine conflict

US benchmarks open mixed as investors eye Fed's decision on rate hike, de-escalation efforts to end Russia-Ukraine conflict

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10.00am: Equities mixed ahead of Fed’s decision US stocks were mixed at the open on Monday ahead of the Federal Reserve’s monetary policy decision meeting this week to be made in the face of soaring inflation and the Ukraine-Russia war. At the open, the Dow Jones Industrial Average jumped 160 points, or 0.5% at 33,107, while the broader S&P 500 added 0.3%, but the tech-laden Nasdaq Composite shed 0.4% “The Fed will likely prove, just as the ECB [European Central Bank] did, somewhat more hawkish than just the expected 25 bps hike, with perhaps one or more dissents for 50 bps and rhetoric about 50 bps being prominently on the table next meeting,” said Nikko Asset Management Chief Global Strategist, John Vail.

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