Asian shares mixed as earnings fail to inspire before Fed

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Reuters

By Stanley White TOKYO (Reuters) – Asian shares were mixed on Wednesday as already high valuations discouraged investors from buying equities ahead of a closely-watched U.S. Federal Reserve meeting. MSCI’s broadest index of Asia-Pacific shares outside Japan declined 0.23%. Australian stocks rose 0.55%, but shares in China slipped 0.44%. Stocks in Tokyo edged 0.16% higher. S&P 500 e-mini stock futures rose 0.09%. Fed Chairman Jerome Powell is expected to reaffirm that easy monetary policy will remain in place for a prolonged period and dismiss any suggestions of tapering bond purchases. U.S. Pr…

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