Dow, S&P 500 close at new records in NY

Getty Mario Draghi the president of the European Central Bank speaks out on eurozone crisis

Getty Mario Draghi the president of the European Central Bank speaks out on eurozone crisis

US stocks have been breaching record levels, with the Dow clocking a closing record for the fifth day in a row on Monday and the S&P closing at a record for the second consecutive session. The broadest measure of regional shares, the MSCI Asia ex-Japan index, was marked 0.1% higher by the end of the session.

Eastern Time. The Dow Jones industrial average gained 46 points, or 0.2 percent, to 22,377. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, edged up by 1.4 basis points to 2.243%. China's Shanghai Composite Index dipped by 0.2%, while Hong Kong's Hang Seng Index fell by 0.4%.

United States stocks ended higher on Tuesday, with Dow and Nasdaq closing at record highs, as the Federal Reserve began a two-day monetary policy meeting.

Shares of wireless carriers T-Mobile rose 4 percent and Sprint 6 percent following a report that the companies were in active merger talks. Wall Street, in early trading, hit record highs. In Europe, Germany's DAX was flat, while France's CAC 40 rose 0.2 percent.

With no new actions by North Korea over the weekend, economic recovery continued to whet appetite for the region's equities and the pan-European STOXX index ended up 0.3 percent. However, data last week showing a bigger-than-expected increase in USA consumer prices gave a fresh boost to investor expectations for one more rate rise by year-end.

While the expectation among analysts is for a hold on the benchmark interest rate, the accompanying statement will be closely watched for clues on whether committee members see another hike this year.

In stocks, Medigus Ltd (NASDAQ: MDGS) is up over 12% in pre-market after it reported a second quarter operating loss of $1.3 million on sales of $82,000.

Amazon's share price fell 1.3 per cent at Monday's close of trade. Advanced Micro Devices (AMD) increased 2.1% and Texas Instruments (TXN) added 1.9%.

Singapore Technologies Engineering said it invested US$5.8 million (about S$7.8 million) for a minority stake in USA -based cyber security provider Janus Technologies Inc. Evolution Mining is adding 0.4 percent, while Newcrest Mining is down more than 1 percent.

Its shares fell 0.6 percent.

It comes ahead of a key Fed meeting, which begins tomorrow, which should outline Janet Yellen's view of where the U.S. economy is heading over the next few months.

In Europe, the broadest measure of share prices, the Stoxx Europe 600, slipped 0.14% by 10:00 am London time as a weaker USA dollar lifted the euro to around 1.1986 and held down gains for regional equities.

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