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Lacking Direction

EQUITIES

Another mixed session for equities in the Asia-Pac region after a mixed finish for US equities. In Japan major indices are hovering around neutral levels after giving back early gains, Q1 GDP beat expectations earlier today, falling at a slower pace than expected. Markets in China in minor negative territory, while in Taiwan the Taiex is flat ahead of trade and inflation data. In the US futures are higher, the Nasdaq leading the way thanks to a boost from Biogen after its Alzheimer's drug was approved, while gains are moderated by international corporation tax plans.

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