US Stocks
The US equities market was seen closing with gains on Tuesday, as the benchmark S&P 500 index climbed to an all-time high. The market will be focusing on minutes from the Federal Open Market Committee’s (FOMC) October meeting, which is due tomorrow.
The benchmark S&P 500 index climbed 0.52% higher to 2,052.01, while the Dow Jones Industrial Average added 0.24% to 17,690.07 and the Nasdaq technology index was up 0.67% to 4,702.44 at the time of writing.
The Housing Market Index (HMI) jumped in November to 58 points, from last month’s reading of 54 points, a data from the National Association of Home Builders (NAHB) and Wells Fargo showed.
A separate data showed that the Producers Price Index (PPI) climbed 0.2% in October on a monthly basis and declined 1.5% on an annual basis. Core PPI rose 1.8% on an annual basis, compared to the previous reading of 1.6%.
Asia Stocks
Stocks in the Asian region were seen swinging in between losses and gains on Wednesday, with equities in Japan leading gains after Prime Minister Shinzo Abe postponed a tax hike and called a snap election.
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The Japanese Nikkei 225 index rose 0.43% higher to 17,417.94 points during the early trading hours, while Tokyo’s Topix index gained 0.68% to 404.36 points.
The Japanese yen slipped to a fresh seven-year low against the US dollar on Wednesday after Prime Minister announced a snap election, which will be held in December and also postponed a planned sales-tax hike, initially planned for October 2015 to April 2017. The yen was trading around 0.3% to 117.22 per dollar on Wednesday.
The weaker yen boosted gains for some of the regions stocks, with Mazda Motors up by more than 3%, Toyota motors gained 1.3%, Mitsubishi Motors added 1.5% and Suzuki Motor rose 2.2%.
The Bank of Japan (BoJ) is expected to release its monetary policy statement later in the day after concluding its two-day policy meeting by expanding its monetary base at an annual pace of 80 trillion yen.
Hong Kong’s Hang Seng index declined 0.37% to 23,441.85 points, while the Chinese mainland Shanghai Composite dropped 0.20% to 2,451.41 points at the same time.
The South Korean kospi index edged 0.04% higher to 1,967.87 points, while the Australian benchmark S&P/ASX 200 index fell 0.16% to 5,391.00 points.
Europe Stocks
European stocks were seen opening with mostly losses, with the UK’s benchmark FTSE 100 index opening lower before the release of the Bank of England’s (BoE) minutes.
The UK’s FTSE 100 index declined 0.10% to 6,702.32, while Europe’s Euro Stoxx 50 edged down 0.14% to 116.07. In France, the benchmark CAC 40 index eased 0.08% to 4,259.12 and the German DAX 40 index gained 0.01% to 9,456.82.
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