Oil slips, Asia stocks dip ahead of Fed, BOJ

Oil traded near seven-week lows on Tuesday as a softening demand outlook weighed on commodities, while bond, currency and stock markets traded cautiously ahead of central bank meetings in the U.S. and Japan and a slew of major corporate earnings reports. The S&P 500 steadied after a two-week downturn and futures ticked 0.4% lower early in the Asia session with the focus on two-day policy meetings in Washington and Tokyo that wrap up with interest rate decisions on Wednesday. Japan’s Nikkei, which dropped nearly 6% last week, was 0.7% lower in morning trade.Read More