Investor was hide in Dollars

Investors scrambled for safety on Tuesday, driving world stocks lower and propelling bids for government bonds and the dollar on poor results from UBS (UBSN.VX) and a shake-up of UK banks Lloyds (LLOY.L) and Royal Bank of Scotland (RBS.L).

Parts of the U.S. equities market were down.


The Dow Jones industrial average .DJI was off 17.53 points, or 0.18 percent, at 9,771.91, but the Standard & Poor's 500 Index .SPX was up 2.53 points, or 0.24 percent, at 1,045.41. The Nasdaq Composite Index .IXIC was up 8.12 points, or 0.40 percent, at 2,057.32.

The Fed is not expected to depart from a policy of maintaining low rates for an extended period but it could discuss how to prepare markets for an eventual policy shift. The ECB and BoE are expected to keep rates on hold, but the UK central bank may decide to pump yet more money into the economy.