World stocks gain on hopes of US bounce after GDP

GMT 05:30 2014 Thursday ,26 June

Arab Today, arab today World stocks gain on hopes of US bounce after GDP

Asian market
Hong Kong - SPA

Asian stock markets rose Thursday while European gains were more restrained, as investors largely brushed off a poor quarterly U.S. economic report as a blip and instead factored in rebounding growth as policymakers maintain ultralow interest rates, AP reported.
In early European trading, France's CAC 40 edged up 0.2 percent 4,467.07 while Germany's DAX inched 0.1 percent higher to 9,874.59. The FTSE 100 index of leading British companies was little changed at 6,734.26.
U.S. stocks were poised for a flat open after inching higher the previous day. Dow futures were little changed at 16,770.00 while broader S&P 500 futures slipped 0.1 percent to 1,947.30.
Japan's Nikkei 225 added 0.3 percent to close at 15,308.49 while South Korea's Kospi added 0.7 percent to 1,995.05.
Hong Kong's Hang Seng jumped 1.5 percent to 23,197.83 while the Shanghai Composite Index in mainland China gained 0.7 percent to 2,036.68.
In energy trading, the price of U.S. benchmark crude for August delivery rose 1 cent to $106.51 per barrel in electronic trading on the New York Mercantile Exchange. The contract rose 47 cents to settle at $106.50 on Wednesday.
In currencies, the dollar slipped to 101.75 Japanese yen from 101.81 yen in late trading Wednesday. The euro fell to $1.3617 from $1.3627.

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