Stock markets were mixed on Monday as traders geared up for an expected interest rate cut by the Federal Reserve this week, while more weak data showed China’s economy continues to struggle.

Equities have enjoyed a strong run-up over recent weeks as a string of data on jobs and inflation provided the US central bank with enough leeway to resume its rate reductions.

Wednesday’s policy decision follows figures showing the labour market continuing to soften, while prices have not spiked as much as feared in the wake of US President Donald Trump’s tariff war.

The keenly awaited meeting is expected to see the Fed lower borrowing costs 25 basis points, although some observers predict it could go to 50 points.

Trump said on Sunday “I think you have a big cut. It’s perfect for cutting”.

Still

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