2017.07.2320:49:00UTC+00Stocks Drop Ahead of Earnings, Fed Eyed

Stocks in Asia fell in early trading ahead of earnings results and a Federal Reserve interest-rate decision.

Equities gauges were lower in Australia, Japan and South Korea. The dollar hit a new 14-month low while the euro added to recent gains. The greenback is near a technical level that a few believe will foreshadow further losses.

Earnings season and developments in central bank policy are bringing the tests for the bull-market in stocks that has driven the value of global shares to $78 trillion. The Fed is seen to stay put, while investors are set to anticipate for clues on how officials plan to begin trimming the balance sheet.

Futures on the S&P 500 Index dropped 0.1 percent. The underlying gauge closed little changed on Thursday and Friday. The yield on the 10-year Treasury note shed one basis point to 2.23 percent.

Results at industry giants from Amazon.com Inc. to GlaxoSmithKline and Credit Suisse Group are set to report this week.