While waiting for the Fed, what is happening in the markets today?

Markets await the Fed decision in the name of earnings.
Specifically, Japanese stocks led gains in the Asia-Pacific region a day after the central bank increased flexibility around its yield curve control policy.
The yen strengthened from its weakest level this year after Japan's foreign exchange chief said he was awaiting intervention.
Overnight, US stocks closed with gains, regaining ground at the end of a difficult month characterized by soaring interest rates.
The S&P 500 rose 0.65%, while the Nasdaq Composite gained 0.48%.
The Dow Jones Industrial Average advanced 0.38%.
The key event of the day and which will also give indications to the markets for the near future is the conclusion of the Federal Reserve meeting: the forecast is for interest rates to be maintained at the current level, 5.50%.
read also Fed meeting November 1st, rates still on hold? What to expect Markets in cautious optimism ahead of the Fed The spotlight is already on the Federal Reserve's policy decision, with the central bank expected to keep rates stable.
Chairman Jerome Powell's comments will be scrutinized to gauge where interest rates are going and how long they will remain higher.
Against this backdrop, MSCI's Asia Pacific index rose about 1%, led by Japanese stocks, with the Topix benchmark gaining the most in a year.
Stocks in Hong Kong and mainland China fluctuated after a private survey showed disappointing data.
In detail, the dragon's manufacturing sector recorded a surprise contraction in October, a private survey showed.
The Caixin/S&P Global global manufacturing PMI fell to 49.5 in October from 50.6 in September.
This was the first contraction in four months.
Economists polled by Reuters had expected a value of 50.8.
S&P 500 futures fell after the index rebounded on the final day of October.
Erik Weisman, chief economist and portfolio manager at MFS Investment Management, said the Fed will keep the option of future rate hikes firmly on the table until the labor market cools significantly and inflationary pressures ease.
Treasury yields remained elevated, with the 10-year Treasury yield rising 4.5 basis points to 4.920%.
The yield on the 30-year Treasury note rose 5.4 basis points to 5.078%.
read also Oil price above $150 per barrel, there is alarm The yield on two-year US Treasury bonds, which generally moves in step with interest rate expectations, rose by 1.2 basis points at 5.083%.
Claudio Irigoyen, global head of economics at BofA Global Research, said the most important question for the next three to five years in the U.S.
fiscal policy discussion will be whether interest rates return to pre-pandemic levels.
“Or if it's a new regime of higher real interest rates…And I think I'm more on the side of the second option,” he added.
Oil prices rose ahead of the Fed's decision, with the market keeping an eye on the latest developments in the Israel-Hamas conflict.