Asian stocks are broadly higher, with Japanese shares pacing gains after sharp losses in the previous session, as investors cheered Chinese data and drew comfort from dovish comments by the US Federal Reserve chief and signs of easing tensions in
Closer home, investors eye German industrial production data as well as monetary policy decisions from the
The BoE is widely expected to leave its benchmark rate unchanged at a record low 0.5% and keep the size of its asset purchase program on hold at 375 billion pounds. The ECB is also expected to maintain the status quo and reiterate its concerns that a strong euro could pose a threat to economic recovery.
In corporate news,
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European stocks rebounded from early losses to finish with modest gains on Wednesday, bolstered by hopes of a diplomatic solution to the
US stocks closed mostly higher overnight, although weak earnings from some technology companies dragged the Nasdaq into the red for the second day in a row. While comments from Fed chief Yellen offered no surprises, Putin's claims that there were no Russian troops left on the Ukrainian border helped underpin risk sentiment. The Dow rose 0.7% and the S&P 500 advanced 0.6%, while the Nasdaq slid 0.3%.
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