Asian stocks rose broadly on Wednesday, with positive cues from Wall Street and hopes of more support from Beijing helping underpin investor sentiment. Gold prices were little changed in Asian trading, as the dollar and yields fell despite hawkish comments from Federal Reserve officials.
The major U.S. index futures are currently pointing to a higher open on Wednesday, with stocks likely to add to the modest gains posted during yesterday's choppy trading session.
The major U.S. index futures are currently pointing to a higher open on Wednesday, with stocks likely to add to the modest gains posted during yesterday's choppy trading session.
Asian stocks ended mixed on Tuesday, with Chinese and Hong Kong markets rallying after a government investment fund said it would expand purchases of stock index funds to counter heavy selling in the Chinese markets.
The major U.S. index futures are currently pointing to a roughly flat open on Tuesday, with stocks likely to show a lack of direction after recovering from early weakness but still closing mostly lower on Monday.