Nikada
Japan (NKY:IND) +0.67%.
China (SHCOMP) +0.61%. Markets welcomed China’s approval of a mega sovereign bond issue as a sign of stimulus. Chinese government is set to widen its budget deficit to approve CNY 1 trillion in new stimulus.
Hong Kong (HSI) +1.16%. Hong Kong to cut home purchase tax by 50%.
India (SENSEX) -0.28%.
Australia (AS51) -0.04%. Australian Q3 2023 Headline CPI +1.2% q/q (vs. 1.1% expected).
In the U.S. on Tuesday, all three major indexes ended higher, with NASDAQ up for the 2nd consecutive day, S&P snaps five-day slide, amid strong corporate earnings and easing Treasury yields.
U.S. stock futures mostly fell on Wednesday as investors reacted to mixed earnings results from major technology firms: Dow +0.16%; S&P 500 -0.26%; Nasdaq -0.45%.
Investors also cautiously awaited US GDP and inflation figures this week that could influence the monetary policy outlook.
Meanwhile, diplomatic efforts to prevent the Israel-Hamas war from spreading to a wider conflict in the Middle East also aided market sentiment.
Currencies: (JPY:USD), (CNY:USD), (AUD:USD), (INR:USD), (HKD:USD), (NZD:USD).