Stocks – Europe
Stocks in Europe opened lower on Wednesday as investors focus on the release of consumer prices reports from the eurozone.
The European Euro Stoxx 50 edged 0.38% lower opening at 3,196.61, while the German DAX lost 0.10% trading at 9,574.77 at the time of writing. At the same time the French CAC 40 dropped 0.31% lower to 4,483.94, while the UK’s benchmark FTSE 100 fell 0.12% to 6,761.82.
Eurozone CPI
Reports showed that the economic confidence in the eurozone dropped lower than expected in April, while the final consumer confidence came in at minus 8.6.
Meanwhile in the UK, the nation’s gross domestic product rose to 0.8% in the first quarter, according to reports from the Office for National Statistics.
Economic reports
In Germany, the country’s retail sales dropped to 0.7% in March on a monthly basis, slightly rising from the revised figure of 0.4% and came in at 1.9% on a yearly basis, according to reports from the Federal Statistical Office.
The economic growth for Spain climbed to 0.4% in the first quarter, while a 0.6% was reported on a yearly basis.
Stocks – Asia
In Asia, stocks were seen trading mixed on Wednesday as investors awaits key central bank reports, which is expected to be released later in the day while the US Federal Reserve will be concluding its two-day policy meeting.
The Japanese benchmark Nikkei 225 index edged 0.66% to 14,382.16 points, while Tokyo’s Topix gauge climbed 0.58% to 1,167.42 points.
In China, Hong Kong’s Hang Seng index dropped 0.37% lower to 22,371.00 points at the time of writing, at the same time China’s mainland benchmark Shanghai Composite slid 0.03% to 2,019.78 points.
South Korea’s benchmark Kospi index edged 0.4% higher at 1,972.56 points.
Fed Meeting
Investors will be focusing on the outcome of the Federal Reserve two-day monthly policy meeting which will be ending today, with predictions that the Federal Reserve will announce another cut to its stimulus for the fourth time in a row to $45 billion.
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