US stocks latest update, After moving modestly higher over the course of the previous session, stocks may see some further upside in early trading on Wednesday. The major index futures are currently pointing to a higher open for the markets, with the Dow futures up by 32 points
From Tokyo economic latest update, Japan April Trade Deficit JPY879.936 Bln, Japan posted a merchandise trade deficit of 879.936 billion yen in April, the Ministry of Finance said on Wednesday - slipping into the red for the ninth consecutive month
Latest economic data from Sidney, Australia Consumer Morale Falls Sharply On Budget, Confidence among Australian consumers declined sharply in May to its lowest level since August 2012, driven largely by negative responses to the Federal Budget, a survey by Westpac and Melbourne Institute showed Wednesday. The index of consumer sentiment fell 7 percent in May to 97.6 from 104.9 in April. This is the lowest reading since August 2012
As expected, Bank of Japan Keeps Easing Plan Intact; Upgrades Economic View, The Bank of Japan on Wednesday decided to keep its ultra-loose monetary policy unchanged, as expected, suggesting that the bank is moving cautiously amid concerns over the recent turmoil in the bond market. The policy board said the bank will conduct money market operations so that the monetary base will increase at an annual pace of about JPY 60-70 trillion
Meanwhile, Bank Of England Split On QE; King's Stimulus Call Defeated For Fourth Month, Bank of England Chief Mervyn King maintained his call for more stimulus for the fourth month and was defeated again by a majority of six members as in previous months who cited faster-than-expected growth and pipeline impact from previous stimulus.
Source: rttnews
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