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Global Stocks Higher
World Economy

Global Stocks Higher

Global shares Wednesday were mostly higher, although only slightly, as attention focused on key economic indicators from China that showed little change.

France’s CAC 40 added 0.6% to 4,939.17 in early trading and Germany’s DAX rose 0.8% to 10,919.40. Britain’s FTSE 100 edged up 0.4% to 6,301.44, CBS News reported.

US markets were set to open higher, with both S&P 500 and Dow futures up 0.3%.

US stock futures pointed higher. Dow, S&P 500 and Nasdaq futures were around 0.3% higher. European shares were higher Wednesday.

Stocks ended mixed overall Tuesday as investors paused after a big stock rally due to concerns about slowing global growth, a coming rate hike and high valuations.

Japan’s benchmark Nikkei 225 was little changed, inching up 0.1% at 19,691.39. South Korea’s Kospi rose 0.03% to 1,997.27. Hong Kong’s Hang Seng fell 0.2% to 22,352.17, while the Shanghai Composite added 0.3% to 3,650.25. Other regional markets were lower, with shares falling in Taiwan, Singapore and Thailand.

China’s factory output and investment weakened in October and retail sales growth edged up, suggesting economic growth has stabilized but has yet to revive despite repeated interest rate cuts and other stimulus. Industrial output expanded 5.6% in October, down from 5.7% in September, and retail sales grew 11% last month, up from 10.9%. China’s fixed-asset investment grew 10.2% year on year in the first 10 months of 2015, according to the National Bureau of Statistics. The growth was 0.1 percentage point slower than the expansion seen in the first three quarters.

“Market focus will be on today’s release of fixed asset investment and industrial production to gauge if there has been an interim stabilization,” said Chang Wei Liang, of the Singapore Treasury Division of Mizuho Bank, referring to China data, following the inflation indicator from Tuesday that suggested a need for further easing and stimulus measures.

Benchmark US crude dipped 55 cents to $43.65 a barrel in New York. Brent crude, a benchmark for international oils, fell 21 cents to $47.89 a barrel in London.

The dollar slipped to 123.12 yen from 123.19 yen. The euro rose to $1.0739 from $1.0721.

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