Global markets remained on edge on Monday ahead of the Federal Bank meeting in Jackson Hole later this week.

Asian markets closed broadly down, with just the Nikkei 225 and the Hang Seng bucking the general negative trend. The FTSE has been in the red for most of the session, with US markets expected to follow suit.

However, the dollar has strengthened this morning after comments from Fed Vice Chairman Stanley Fischer, giving an upbeat assessment of the US economy’s current strength.

Investors remain uncertain ahead of the Federal Reserve’s meeting on Friday, which should clarify the timescale for an interest rate rise.

22/08/2016