Global stocks higher after Wall St gain ahead of Fed meeting

Global stock markets have risen as investors look ahead to this week’s Federal Reserve meeting for hints of possible changes in ultra-low interest rates and other economic stimulus

BEIJING -- Global stock markets rose Monday as investors looked ahead to this week’s Federal Reserve meeting for hints of possible changes in ultra-low interest rates and other economic stimulus. London and Frankfurt opened higher while Tokyo also gained. Markets in China and Hong Kong were closed for a holiday. Trading has been muted as investors wait for Wednesday’s Fed meeting for signs of whether U.S. central bankers are turning more hawkish following a rise in inflation. No policy changes are expected immediately, but any shift in language in Fed comments might fuel fears bond purchases and other stimulus will wind down. “Expectations are for the Fed to maintain its ultra-dovish policy stance and refrain from discussing any form of tapering just yet,” said Mizuho Bank in a report.