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• European markets opened higher on Wednesday morning, as investors monitored the latest batch of earnings and economic data releases.
The pan-European Stoxx 600 edged up higher shortly after the opening bell, with almost all sectors and major bourses in positive territory.
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• Asian shares consolidated recent gains and currencies kept to tight ranges on Wednesday as the opening of China’s Communist Party conference produced more in the way of aspirational politics than concrete policies.
The twice-a-decade congress is expected to cement the power of President Xi Jinping, who kicked off the week-long event with a wide-ranging speech in which he said the market would be allowed to play a decisive role in allocating resources.
MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS was steady near their highest since late 2007, while South Korea .KS11 was just off a record top.
• Japan’s Nikkei share average rose for a 12th consecutive day on Wednesday, getting a lift from hopes that this weekend’s election will produce political stability and continuation of loose monetary policy.
The Nikkei ended 0.1 percent higher at a fresh 21-year high of 21,363.05. It’s the longest winning streak since May-June 2015, which was also 12 days, and equals the longest since Abenomics started in late 2012.
• China stocks firmed on Wednesday, with the blue-chip index closing at a 26-month high, as investors pinned hopes on a key leadership summit in Beijing promoting reforms to boost growth in the world’s second-largest economy.
The blue-chip CSI300 index rose 0.8 percent, to 3,944.16 points, its highest close since August 2015, while the Shanghai Composite Index added 0.3 percent to 3,381.79 points.
• Hong Kong stocks inched up on Wednesday, with listings in the city of some China-based companies advancing on the first day of the key Communist Party Congress in Beijing.
The Hang Seng index added 0.1 percent, to 28,711.76 points.
Reference: Reuters, CNBC
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