Bourses in Euroland inching higher

FXstreet.com (Edinburgh) -European markets are posting gains on Wednesday bolstered by upbeat data from French and German advanced GDP figures for the second quarter, expanding 0.5% and 0.7% inter-quarter, respectively. Investors keep the cautious tone however, in light of the EMU GDP data due later. Consensus amongst traders point to an expansion of 0.2% QoQ, finally emerging from the recession territory. As of writing, the CAC40 led the winners advancing 0.24% and followed by the FTSE100 and the DAX, both up 0.10. The broader Stoxx600 is slightly down 0.01%.

Markets in Asia closed mostly with gains, following a weaker Japanese yen and the bid tone from Wall St. The Nikkei225 climbed 1.32% followed by the Korean KOSPI, 0.57% and Singapore, 0.20%. The Shanghai index retreated 0.29% while Honk Kong remained closed due to a strong typhoon.