Europe’s Stoxx 600 closed at a near three-week high on Tuesday as robust industrial output data from China boosted mining and luxury stocks, while Sweden’s H&M surged after reporting a profit rebound.
Asian stocks edged up on Wednesday but investors trod a cautious path following a broadly positive start to the week.
U.S. stock index futures rose on Wednesday as investors hoped for a pledge by the Federal Reserve to keep interest rates low for a prolonged period.
Australian shares followed their US peers higher on Wednesday, led by tech stocks, as investors awaited the Federal Reserve’s policy statement due later in the day for its view on the US economy.
Jumped 9% on Wednesday after getting a boost from Deutsche Bank (DE:DBKGn).
The Russian stock market continued to recover on Tuesday.
Russia’s Federal Tax Service expects the Bahamas, Hong Kong, Turkey, Bahrein, Kuwait and a number of territories to join the countries that share financial information with Russia, this year, deputy head of the Service Dmitry Volvach told a conference on Tuesday.
US stock index futures rose on Tuesday, pointing to a second day of gains on Wall Street, after Chinese data reflected ongoing recovery in the world’s second largest economy and investors eyed an upcoming Federal Reserve meeting on monetary policy.
The Bank of Russia sold 2.4 bln rubles ($31.9 mln) worth of foreign exchange on the domestic market with settlements on September 14 as part of preventive measures curbing volatility, the regulator reported on Tuesday.
Shares of Russia’s pipe producer TMK gained 5.1% as trading opened on Moscow Exchange on Tuesday compared with the previous closing, reaching 61.3 rubles per share at some point.