World stocks mostly rise amid China stimulus hopes - WTRF 7 News Sports Weather - Wheeling Steubenville

World stocks mostly rise amid China stimulus hopes

Posted: Updated:
  • BusinessBusinessMore>>

  • ASBDC to honor small business coach

    ASBDC to honor small business coach

    Sunday, September 14 2014 4:00 PM EDT2014-09-14 20:00:15 GMT
    America's Small Business Development Centers recently announced James Epling has been selected as the West Virginia 2014 State Star. The ASBDC State Star honors outstanding employees from Small Business Development Centers.
    America's Small Business Development Centers recently announced James Epling has been selected as the West Virginia 2014 State Star. The ASBDC State Star honors outstanding employees from Small Business Development Centers.

  • Frontier, Dish to award small towns

    Frontier, Dish to award small towns

    Sunday, September 14 2014 3:00 PM EDT2014-09-14 19:00:16 GMT
    Frontier Communications will help revitalize small towns through “America's Best Communities,” an $8.5 million, nationwide prize competition.
    Frontier Communications will help revitalize small towns through “America's Best Communities,” an $8.5 million, nationwide prize competition.
  • Writer, author, scuba diver calls WV home, again

    Writer, author, scuba diver calls WV home, again

    Sunday, September 14 2014 1:00 PM EDT2014-09-14 17:00:12 GMT
    Eric Douglas is a journalist, author and … scuba diver? That's right. A graduate of Marshall University, Douglas received a degree in journalism. However, originally from Cross Lanes, he moved to Orange County, California to pursue a career he wouldn't have been able to in the Mountain State.
    Eric Douglas is a journalist, author and … scuba diver? That's right. A graduate of Marshall University, Douglas received a degree in journalism. However, originally from Cross Lanes, he moved to Orange County, California to pursue a career he wouldn't have been able to in the Mountain State.

(AP) -

Global stock markets mostly rose Tuesday on hopes that China will provide stimulus to its economy, the world's second-largest.

Expectations that China might announce new spending measures were boosted Monday by a survey that showed Chinese manufacturing contracted in March.

"The general mood is somewhat expectant of stimulus measures coming out of China," said Dariusz Kowalczyk of Credit Agricole in Hong Kong.

Sentiment was also supported by an easing in concerns of an escalation in sanctions between Russia and western powers. The U.S. and European countries said Monday that they could still target economic sanctions against Russia, but suggested that would only happen if it tried to occupy more Ukrainian territory.

In Europe, Britain's FTSE 100 was up 1.2 percent at 6,598.54 while France's CAC-40 climbed 1.5 percent to 4,342.33. Germany's DAX rose 1.7 percent to 9,346.65 despite a drop in the country's Ifo business confidence survey. The survey showed companies are slightly more concerned over the risk of an economic impact from sanctions on Russia, but said it may be a temporary setback.

In the U.S., the S&P 500 was up 0.6 percent at 1,868.90 while the Dow gained 0.7 percent to 16,388.08. New economic data showed U.S. home prices edged down in January for a third month, but were still up at a strong rate from a year earlier.

Earlier, in Asia, trading was more cautious. Though China's Shanghai Composite rose 0.5 percent to 2,067.31, Japan's Nikkei 225 closed 0.4 percent lower at 14,423.19 and Hong Kong's Hang Seng fell 0.5 percent to 21,732.32.

Benchmarks fell in Australia, South Korea, and most of Southeast Asia and were up in Taiwan, New Zealand and Malaysia.

In energy markets, the oil contract for May delivery was flat at $99.59 per barrel in electronic trading on the New York Mercantile Exchange. The contract rose 14 cents to close at $99.60 on Monday.

In currencies, the euro fell 0.4 percent to $1.3780 while the dollar rose 0.2 percent against the Japanese yen, to 102.44 yen.

 

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.