• The 4.5 percent drop in the benchmark S&P 500 over the last five days has not dented strategists’ expectations for mild to moderate gains in the U.S. stock market by the end of the year, with corporate earnings and interest rates not expected to derail equities.
• European stocks opened higher on Wednesday, as markets worldwide attempted to shake off the major volatility seen in recent sessions.
The pan-European Stoxx 600 was up around 0.7 percent shortly after the opening bell, with all sectors and major bourses in positive territory.
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• Asian shares reversed their earlier gains on Wednesday as investors dumped U.S. stock futures for safer harbors, a sign market participants remain jittery after this week’s global markets rout.
MSCI’s broadest index of Asia-Pacific shares outside Japan was a tad softer, having risen as much as 2 percent in early trade.
• Japanese stocks pared early gains to end a notch higher in volatile trade on Wednesday, as investors stayed on guard for more losses in global equity markets after U.S. futures slipped.
The Nikkei 225 share average ended 0.2 percent higher at 21,645.37, after climbing as high as 22,353.87 in early trade.
• China stocks reversed earlier gains encouraged by a rebound on Wall Street and dropped to one-month lows on Wednesday, as investors sold off real estate and consumer firms that had handsome gains in recent months.
At the close, the Shanghai Composite index was down 61.07 points or 1.81 percent at 3,309.58.
Reference: Reuters, CNBC
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