Asian shares rise, euro faces pressure

Asian shares firmed on Wednesday after earnings-fuelled gains on Wall Street, while the euro remained under pressure after weaker-than-expected German inflation data raised speculation of more easing in Europe. Investors stayed cautious before central bank decisions from the Bank of Japan and then the Federal Reserve later in the session, as well as key U.S. jobs data on Friday. MSCI's broadest index of Asia-Pacific shares outside Japan added 0.1 percent in early trading, while Japan's Nikkei stock average (NIK:^9452) rose 0.8 percent after Tokyo markets were closed for a holiday on Tuesday. Later on Wednesday, Fed officials are expected to decide unanimously at the conclusion of their two-day meeting to continue tapering the central bank's massive bond-buying stimulus.

via Business News - Yahoo Finance http://ift.tt/1iAbj7A