Market Limbo | Fletchers’ Sells Formica Global markets were mixed overnight as investors remain cautious ahead of this week’s crucial 2-day US Federal Reserve Meeting which began overnight. The UK market also remains under heavy pressure with ongoing Brexit uncertainty.  As we touched on earlier, while the Fed is likely to lift interest rates on Thursday morning, there will be more focus on the Fed's outlook for 2019.   Stock in Focus: Fletcher Building (FBU:NZX / FBU:ASX) Fletcher Building shares rose yesterday as the construction company announced the sale of its Formica unit for US$840 million and said it will resume paying dividends (likely to be announced in February). The sale of the Formica business was not a surprise, and in line with analyst expectations, with the date of the announcement well within the up to 18-month timeframe that managing director Ross Tay...