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• Equities in Europe moved lower Wednesday morning as investors began to focus on earnings at the start of a new reporting season.
The pan-European Stoxx 600 was 0.21 percent lower with most sectors trading in negative territory. Travel and Leisure stocks were the worst performing sector in early deals, closely followed by food and beverages.
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• Asian stocks rose modestly on Wednesday but pared early gains as caution again crept into markets over strained U.S-China trade ties and escalating tensions in Syria.
MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS was 0.2 percent higher.
• Japanese stocks fell for the first time in three days on Wednesday following a strong rally the previous day, but index-heavy SoftBank rose after sources said that Sprint is in new talks to merge with T-Mobile.
The Nikkei ended 0.5 percent lower to 21,687.10, after rising for the past two days. The market, along with a host of global risk assets, had a solid session on Tuesday after China’s President Xi Jinping helped ease fears over a U.S.-China trade war.
• China stocks ended higher on Wednesday as the market welcomed Beijing’s pledge to further open the country’s financial sector to foreign investors, and as worries about a trade war with the United States showed signs of easing.
The blue-chip CSI300 index rose 0.3 percent, to 3,938.34 points, while the Shanghai Composite Index gained 0.6 percent to 3,208.08.
Reference: Reuters,CNBC
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