The German market is marginally lower in afternoon trading Wednesday, reversing early gains that stemmed from additional stimulus announcement in Japan. The Asian markets ended in positive territory and the U.S. index futures are higher.
The Bank of Japan embarked on a powerful monetary easing by expanding the total size of the asset purchase program by about 10 trillion yen and extending the asset purchase deadline by six months.
The minutes of the Bank of England's policy meeting held on September 5 and 6 showed that policymakers unanimously decided to maintain quantitative easing at 375 billion pounds and the interest rate unchanged at 0.50 percent.
The Euro Stoxx 50 index of eurozone bluechip stocks is losing 0.02 percent, while the Stoxx Europe 50 index, which includes some major U.K. companies, is rising 0.21 percent.
The DAX index is currently losing 0.03 percent.
Infineon Technologies is losing 2.1 percent. Insurer Allianz is falling 1 percent.
Deutsche Bank is sliding 0.7 percent while Commerzbank is moderately higher.
BMW and Daimler are in negative territory while Volkswagen is up 0.9 percent.
Porsche is gaining 5.5 percent after the firm won the dismissal of two investor suits in connection with the allegations that the company had lied about its failed Volkswagen takeover plan in 2008.
Truckmaker MAN is modestly higher. Basf, SAP and Deutsche Telekom are making modest advances.
Elsewhere in Europe, the French CAC 40 is losing 0.09 percent. Switzerland's SMI is rising 0.08 percent and the UK's FTSE 100 is gaining 0.06 percent.
Across Asia/Pacific, Australia's All Ordinaries added 0.5 percent and China's Shanghai Composite Index gained 0.40 percent. Hong Kong's Hang Seng and Japan's Nikkei 225 climbed 1.2 percent each.
In the U.S., futures point to a higher open on Wall Street. In the previous session, the major averages eventually ended the day mixed, although they were all nearly flat. While the Dow inched up 0.1 percent, the Nasdaq edged down 0.03 percent and the S&P 500 slipped 0.1 percent.
In the commodity space, crude for October delivery is losing $0.23 to $95.06 per barrel and December gold is rising $4.9 to $1776.1 a troy ounce.
by RTT Staff Writer
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