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Overnight Markets: Wall Street gains on upbeat earnings

by Himanshu Singh on Apr 30, 2014 at 04:26

Archer Daniels Midland Co (ADM.N) finished down 2.6% after its first-quarter profit and sales missed Wall Street estimates.

In Asia, shares oscillated between gains and losses on Wednesday before the Bank of Japan and US Fed report on policy.

The MSCI Asia Pacific Index was little changed by 11:35 a.m. in Tokyo, with Japanese shares paring gains as the yen strengthened. The Hang Seng Index slipped 0.9%. Japan’s Nikkei 225 Stock Average rose 0.2%, trimming its decline in April to 3.4%. The Topix added 0.1% as yen strengthened 0.2% to 102.41 per dollar after two days of weakness.

Australia’s S&P/ASX 200 Index fell 0.4%, trimming its advance in the month to 1.6%, while the Kospi measure in Seoul rose 0.2%, down 0.9% in April. New Zealand’s NZX 50 Index climbed 1%.

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