The global equity markets are mixed heading into Wednesdays open. S&P Futures are down about 13 points to around the 4612 area. The market has struggled to find direction on a relatively quiet night. The range saw a high of 4627.50 and a low of 4604.75.
In Asia, China rose 2% while Japan slid nearly 1%. The Shanghai perked up on continued speculation of stimulus on the horizon. The property sector led the gains in both the Chinese benchmark and Hong Kong’s Hang Seng. In Japan, weaker than expected Retail Sales for February disappointed investors. Shares of Nintendo dropped nearly 6% after the company announced it will delay the launch of its latest Legends of Zelda game.
In Europe, the major bourses are mostly lower. Sentiment turned sour following skeptical remarks from Ukraine’s Zelenskyy about Russia’s intentions of peace. Financials are giving back gains from Tuesday with banks such as Credit Agricole, Societe Generale and BNP Paribas down 2-3%.