Wednesday Morning Cheat Sheet: 3 Stories Moving Markets
Major markets advanced in Asia on Wednesday, with the exception of the Nikkei. In Japan, equities fell 2.17 percent to 14,170.49 after Prime Minister Shinzo Abe proposed a new stimulus spending plan that will come paired with a sales tax increase, a move that failed to impress traders. The yen continued to strengthen slightly, trading at 98.475 against the dollar. In Hong Kong, the Hang Seng climbed 0.55 percent to 22,984.48, and in Shanghai, the Composite climbed 0.68 percent to 2,174.66. In India, the Mumbai Sensex climbed 0.71 percent to 19.517.15. In Australia, the ASX All Ordinaries climbed 0.17 percent to 5,214.90.
European markets declined in midday trading. In the U.K., the FTSE 100 was off 0.66 percent; in Germany, the DAX was off 0.51 percent; in France, the CAC 40 was off 0.6 percent; and the Euronext 100 index was off 0.6 percent.
U.S. equities, which closed higher on Tuesday, declined in pre-market trading. At 8:50 a.m., Dow futures were off 0.54 percent, S&P 500 futures were off 0.73 percent, and Nasdaq futures were off 0.56 percent.
Here are three stories to keep an eye on.