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• European markets opened mixed on Wednesday morning, as investors monitored a fresh batch of corporate earnings and economic data.
The pan-European Stoxx 600 was flat shortly after the opening bell, with sectors and major bourses pointing in opposite directions.
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• Asian shares crept ahead on Wednesday after Wall Street took heart from upbeat corporate earnings, though nagging concerns about trade barriers and the global growth outlook kept currencies and bonds subdued.
MSCI’s broadest index of Asia-Pacific shares outside Japan bounced 0.5 percent, though that followed four straight sessions of losses.
• Japan’s Nikkei share average raced to a seven-week high on Wednesday as risk sentiment recovered after Wall Street rose overnight on earnings hopes, while a weaker yen lifted shares across the board.
The Nikkei ended 1.4 percent higher to 22,158.20, its strongest closing level since Feb. 27.
• China stocks ended higher on Wednesday, buoyed by banking firms, after a surprise cut in reserve requirements.
The blue-chip CSI300 index rose 0.5 percent to 3,766.28, while the Shanghai Composite Index gained 0.8 percent to 3,091.40.
Chinese banking shares closed up 1.1 percent, after the central bank said late on Tuesday it was slashing reserve requirement ratios (RRRs) for most banks by 100basis points (bps).
Reference: Reuters,CNBC
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