* Asian stock markets: https://tmsnrt.rs/2zpUAr4
* Treasury yield curve in focus before auction and Fed
* Oil rebounds but further downside risks seen
By Stanley White
TOKYO, April 27 (Reuters) – Asian shares were little changed on Tuesday, as caution ahead of the U.S. Federal Reserve’s meeting and corporate earnings offset optimism about the global recovery from the COVID-19 pandemic.
MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.01%. Australian stocks dropped 0.19%, and shares in China fell 0.08%. Stocks in Tokyo edged 0.23% lower.
S&P 500 e-mini stock futures rose 0.2%.
The pan-region Euro Stoxx 50 futures were down 0.05%, German DAX futures were down 0.08%, and FTSE futures were down 0.07%, pointing to a soft start to the European session.
Oil rebounded after major oil producers stood by their demand forecasts, but there are still downside risks due to surging COVID-19 cases in India, the world’s third-biggest oil…