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View the article online at http://citywire.co.uk/wealth-manager/article/a729525

Overnight Markets: S&P 500 gains on global outlook

by Himanshu Singh on Jan 22, 2014 at 03:50

U.S.-listed shares of BlackBerry Ltd (BBRY.O) jumped 9.4% as short-sellers bailed out of the smartphone maker.

Delta Air Lines Inc (DAL.N) gained 3.3% after it reported a higher-than-expected fourth-quarter profit, aided by lower fuel costs.

In Asia, shares oscillated between gains and losses on Wednesday in morning trade ahead of the Bank of Japan’s statement on monetary policy.

The MSCI Asia Pacific Index added less than 0.1% to 140 as of 10:06 a.m. in Tokyo, reversing an earlier loss of 0.2%. Japan’s Topix (TPX) index added 0.2% as the BOJ updates the market on its monetary base target and benchmark interest rate in a statement at the end of its meeting today.

New Zealand’s NZX 50 Index gained 0.3%. China’s Shanghai Composite Index rose 0.6%, while Hong Kong’s Hang Seng Index advanced 0.1%. Taiwan’s Taiex index and added 0.1% and South Korea’s Kospi index lost 0.1%. Australia’s S&P/ASX 200 Index fell 0.8%.

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