By Riva Gold
Global markets were broadly steady Wednesday while investors bided their time ahead of a news conference with President-elect Donald Trump scheduled for later in the day.
Stock markets have been muted in recent sessions, with some traders hoping for further clarity on Mr. Trump's plans for fiscal policy. His proposed tax cuts could boost global economic growth this year and next, the World Bank said on Tuesday.
The Stoxx Europe 600 was flat in the early minutes of trading, while futures pointed to a 0.2% opening decline for the Dow Jones Industrial Average, following a muted session on Wall Street Tuesday.
The dollar strengthened slightly against the yen but was otherwise little changed against most major currencies, while 10-year U.S. Treasury yield inched slightly higher to 2.387% from 2.379% in the previous session. 10-year German bund yields inched higher to 0.291% from 0.284%. Yields move inversely to prices.
Earlier, Japan's Nikkei Stock Average inched up 0.3% amid hopes Mr. Trump will focus on asking foreign companies to invest in the U.S., while shares of Japanese companies that had pledged to create or retain U.S. jobs moved higher.
Hong Kong shares added 0.6%, while the Shanghai Composite Index fell 0.8%. Commodity-linked shares helped send Australian stocks up 0.2% as oil and metals prices rose. Brent crude was last up 0.2% at $53.77 a barrel.
In corporate news, shares of Volkswagen gained over 1% after the car manufacturer said it was nearing a settlement with the U.S. Justice Department in its diesel emissions-cheating scandal.
--Suryatapa Bhattacharya andWilla Plank contributed to this article.
Write to Riva Gold at firstname.lastname@example.org
(END) Dow Jones Newswires
January 11, 2017 04:12 ET (09:12 GMT)
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