SYDNEY (Reuters) - Asian stock markets were subdued on Wednesday
while major currencies barely budged as looming euro zone meetings to
discuss the Greek debt crisis overshadowed a firmer finish on Wall
Street.
Euro zone finance ministers meet later on Wednesday and EU leaders on Thursday, but officials are already downplaying the chance of a breakthrough.
Moves were modest with trade thinned by a holiday in Tokyo, leaving MSCI's broadest index of Asia-Pacific shares outside Japan off a slight 0.03 percent.
Shares in Shanghai edged up 0.2 percent as pressure grew for more stimulus after a very low reading on inflation stirred fears of deflation.
China's central bank on Tuesday said it was ready to fight a downturn, while not taking excessive risks with credit creation.
Australia's main index slipped 0.6 percent even as a survey showing consumer confidence had surged to 13-month peaks in the wake of last week's cut in domestic interest rates.
The Dow had ended up 0.79 percent, while the S&P 500 gained 1.07 percent and the Nasdaq 1.3 percent.
Read more Click here / www.trade4x.net
Euro zone finance ministers meet later on Wednesday and EU leaders on Thursday, but officials are already downplaying the chance of a breakthrough.
Moves were modest with trade thinned by a holiday in Tokyo, leaving MSCI's broadest index of Asia-Pacific shares outside Japan off a slight 0.03 percent.
Shares in Shanghai edged up 0.2 percent as pressure grew for more stimulus after a very low reading on inflation stirred fears of deflation.
China's central bank on Tuesday said it was ready to fight a downturn, while not taking excessive risks with credit creation.
Australia's main index slipped 0.6 percent even as a survey showing consumer confidence had surged to 13-month peaks in the wake of last week's cut in domestic interest rates.
The Dow had ended up 0.79 percent, while the S&P 500 gained 1.07 percent and the Nasdaq 1.3 percent.
Read more Click here / www.trade4x.net
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