In Asian Equity Markets stocks were mixed on Wednesday morning. U.S. equities rose as earnings eased some gloom. Japan’s Nikkei 225 jumped 0.31 percent. South Korea’s KOSPI fell 0.56 percent. In Australia, the ASX 200 inched down 0.01 percent. Hong Kong’s Hang Seng Index was down 1.43 percent. China’s Shanghai Composite inched down 0.06 percent while the Shenzhen Component was up 0.17 percent. In Hong Kong, the benchmark Hang Seng Index fell 1.51 percent to 20,590.46, while Chinese H-shares listed in Hong Kong fell 1.67 percent to 7,064.98.

In Currency Markets the euro nursed losses on Wednesday after its sharpest decline in two weeks, as a cut in Russian gas supply sent energy prices soaring, while the dollar held ground ahead of an expected U.S. interest rate hike later in the day. The euro fell about 1 percent to $1.0108 overnight, the largest fall since July 11 and was steady in early Asia trade at $1.0139. The yen was steady at 136.98 per dollar. The Australian and New Zealand dollars edged marginally higher in early trade, but were kept below Tuesday highs. Sterling hovered at $1.2048.

In US Equity Markets stocks ended sharply lower Tuesday as a profit warning by Walmart dragged down retail shares and exceptionally weak consumer confidence data also fueled fears about spending. The Dow fell 0.71 percent, to 31,761.54, the S&P 500 lost 1.15 percent, to 3,921.05 and the Nasdaq Composite lost 1.87 percent, to 11,562.58. Walmart shares sank 7.6 percent after the retailer cut its full-year profit forecast late on Monday. 3M Co rose 4.9 percent after the industrial giant said it planned to spin off its healthcare business.

In Commodities Markets oil prices reversed early gains and settled lower on Tuesday, as investors worried about lower consumer confidence and braced for another 20 million barrels of crude oil to be released from the U.S Strategic Petroleum Reserve. Brent crude futures fell 0.7 percent, to settle at $104.40. U.S. West Texas Intermediate (WTI) crude fell 1.8 percent, to $94.98. Spot gold eased 0.1 percent to $1,716.91 per ounce. Spot silver rose 1.1 percent to $18.61 per ounce, platinum was down 0.7 percent at $872.63. Palladium fell 0.2 percent to $2,004.00.

In European Equity Markets stocks fell on Tuesday, with those of Germany and Italy leading declines across major euro zone bourses as European Union countries approved a weakened emergency plan to curb their gas demand, while retail stocks slid after Walmart’s profit warning. On the day the STOXX 600 was flat. A rally in defensive sectors such as healthcare, food and beverages and a 2.9 percent jump in Unilever after upbeat results, were offset by a slide in retailers and Swiss bank UBS following a profit miss. Retail stocks lost 4.2 percent to log its worst day in nearly four months.

In Bond Markets U.S. Treasury yields trended lower on Tuesday, driven by a flight to safety following the latest supply cuts in gas supply from Russia to Europe and growing concerns about a U.S. economic slowdown as seen in Walmart’s profit warning. After earlier moving lower, the two-year yield rose 2.2 basis points to 3.057 percent, as the decline in 10-year notes fell 1.9 basis points to 2.801 percent. The yield on the 30-year Treasury bond was down 2.6 basis points to 3.024 percent. The breakeven rate on five-year U.S. Treasury Inflation-Protected Securities (TIPS) was last at 2.589 percent.

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