Stock market today: Global shares up ahead of U.S. GDP update
CTV
Global shares were mostly higher Thursday ahead of the release of data that are expected to show the world's biggest economy slowing in the first quarter of the year.
Global shares were mostly higher Thursday ahead of the release of data that are expected to show the world's biggest economy slowing in the first quarter of the year.
Shares rose in Paris, Frankfurt, Tokyo, Hong Kong and Shanghai but fell in London and Sydney. U.S. futures and oil prices were higher.
The U.S. economy stood firm last year but is expected to weaken and slip into a recession in coming months. Worries over the impact of higher interest rates aimed at vanquishing high inflation are detracting from relatively strong earnings reports for many companies.
However there are signs of resilience in the world economy: The German government doubled its growth forecast this year for Europe's largest economy after the country made it through the winter without major energy problems.
In early trading Thursday, France's CAC 40 added 0.4% to 7,496.69, while Germany's DAX edged up 0.1% to 15,814.15. Britain's FTSE 100 was at 7,844.87, down 0.1%. The future for the Dow Jones Industrial Average was up 0.3% and the contract for the S&P 500 future was 0.5% higher.
In Asian trading, Japan's benchmark Nikkei 225 recouped morning losses to add 0.2%, finishing at 28,457.68.
The Bank of Japan began a two-day monetary policy meeting under its new governor, Kazuo Ueda. No immediate change is expected to the nation's super-easy monetary policy.
