* 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…

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