1536 GMT - Traders will likely be scaling back exposure to risky assets ahead of a decision by the U.S. Federal Reserve at 1800 GMT, as well as earnings from U.S. tech giants Microsoft, Alphabet, Amazon and Meta, Pepperstone's Michael Brown says. "With all that event risk on the horizon a lot of participants will be wanting to pare down their positions," he says. Traders are also "waking up" to the fact that there is still little in the way of good news on the Middle East conflict, with no sign of a U.S.-Iran peace deal and the Strait of Hormuz still blocked, he says. U.S. 10-year Treasury yields rise 4 basis points to 4.398% while the S&P 500 edges down 0.1% as oil prices rise. (jessica.fleetham@wsj.com)

(END) Dow Jones Newswires

April 29, 2026 11:36 ET (15:36 GMT)

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