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U.S. markets closed little changed on Tuesday after the IMF cut its growth forecast for 2015 and 2016 but markets were supported by speculation on the ECB's decision on further stimulus after tomorrow's policy meeting. The DOW JONES index added +0.02%, adding only 3.66 points, closing at 17,515.23. The S&P 500 added +0.15% with a final quote of 2,022.55.
Chinese stock markets rebounded from losses for a second day on Wednesday. Hong Kong's Hang Seng is trading +1.48% at 24,305.62 points. China's Shanghai Composite closed at 3,323.44 points, a gain of +4.74%. The finance sector rallied as new margin trading rules led to a sell-off two days ago and left the sector largely oversold.
Japan's Nikkei declined on Wednesday by -0.49% with a final quote of 17,280.48. The Bank of Japan held off on further expanding its massive stimulus program and kept the monetary base target unchanged. The Nikkei saw profit-taking after the recent rally and a stronger yen after the BoJ decision weighed on stocks but the prospect of stimulus measures after tomorrows ECB meeting limited losses.
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