Global shares mostly higher after reversing Wall Street losses

TOKYO - Global shares were mostly higher Thursday after an overnight reversal of losses on Wall Street except for indexes in China, where economic growth worries lurked.

See Full Article

KEEPING SCORE: France's CAC 40 added 1.6 per cent to 4,222.41 in early trading, while Germany's DAX rose 0.7 per cent to 9,233.25. Britain's FTSE 100 gained 1.6 per cent to 5,959.28. But U.S. shares were set to drift lower with Dow futures inching down 0.4 per cent to 16,411. S&P 500 futures were also down 0.4 per cent at 1,922.70.

ASIA'S DAY: The Shanghai Composite index fell 6.4 per cent to 2,741.25, while the Hang Seng index in Hong Kong dipped 1.6 per cent to 18,888.75. Japan's Nikkei 225 stock index gained 1.4 per cent to finish at 16,140.34 and South Korea's Kospi gained 0.3 per cent to 1,918.57. Australia's S&P/ASX 200 inched up 0.1 per cent to 4,881.20. Shares rose in Taiwan, Indonesia and New Zealand.

ANALYST VIEWPOINT: "Despite the tenuous theoretical link between supply side-driven lower oil prices and weakening share markets, they again moved in lock step overnight," said Michael McCarthy of CMC Markets. "Oil reversed a 4 per cent drop to move 1 per cent higher, and stocks followed."

OIL BOUNCE: U.S. crude oil slipped 2 cents to $32.13 a barrel in electronic trading on the New York Mercantile Exchange. It closed up 28 cents at $32.15 a barrel on Wednesday. Brent crude oil, which is used to price oil internationally, fell 75 cents to $33.66.

CURRENCIES: The dollar rose to 112.28 yen from 112.08 yen in the previous day's trading. The euro inched up to $1.1023 from $1.1011.


Latest Economic News

  • Global vanilla prices squeeze margins for ice cream, cupcake makers

    Economic CTV News
    TORONTO -- Prepare to shell out a little more for the sweet treats of spring and summer as a global surge in the price of vanilla makes its impact at some small-batch ice cream shops and neighbourhood bakeries. Source
  • Companies experiment with killing the barcode on event tickets and in stores

    Economic CTV News
    TORONTO -- When fans score tickets for events at the Burton Cummings Theatre in Winnipeg in the future, they might notice the absence of a familiar feature: that ubiquitous zebra-styled inventory tracker bar that adorns almost every retail product imaginable. Source
  • Tickets without barcodes: Concert venues experiment with new systems

    Economic CBC News
    When fans score tickets for events at the Burton Cummings Theatre in Winnipeg in the future, they might notice the absence of a familiar feature: that ubiquitous zebra-styled inventory tracker bar that adorns almost every retail product imaginable. Source
  • Canadians see possible signal U.S. ready to accept NAFTA compromise

    Economic CTV News
    OTTAWA -- American trade officials are showing newfound interest in a Canadian proposal for revamping NAFTA's automotive provisions as the U.S. seeks to swiftly conclude renegotiations of the continental free trade pact. And that's being taken in some quarters as a sign that the U.S. Source
  • The dirty truth about makeup and the oil change debate: CBC's Marketplace consumer cheat sheet

    Economic CBC News
    Miss something this week? Don't panic. CBC's Marketplace rounds up the consumer and health news you need. Want this in your inbox? Get the Marketplace newsletter every Friday. Internet prices dialing up Your internet bill could get even more pricey. Source
  • After overcharging for bread, should Loblaws demand ID for a $25 gift card?

    Economic CBC News
    Jenn Iskiw says she'll be grocery shopping elsewhere after feeling betrayed by Loblaws — twice. First, for artificially inflating the price of bread for 14 years, and second, for demanding she send ID to get a $25 gift card offered as compensation for bread price fixing. Source
  • Facebook suspends data analytics firm that worked for Trump campaign

    Economic CBC News
    The Massachusetts attorney general said on Saturday her office was launching an investigation after reports that Cambridge Analytica had harvested private information from more than 50 million Facebook users in developing techniques to support U.S. President Donald Trump's 2016 election campaign. Source
  • Trump's goal of 'energy dominance' could change the global balance of power

    Economic CBC News
    Fuelled by technological breakthroughs and cuts to taxes and regulation, the United States is on target to become the world's biggest producer of crude oil in the next five years. Let that sink in. The U.S will be bigger than Russia and Saudi Arabia. Source
  • How to avoid spending money on unnecessary oil changes

    Economic CBC News
    Oil changes are by far the most common service performed on vehicles in Canada. Customers pay quick lube facilities, private garages and dealer maintenance centres well over a billion dollars a year for the service. But a CBC investigation finds many of us may be changing our oil far more often than automakers require. Source
  • Trans Mountain protester arrested, one day after court grants injunction

    Economic CTV News
    BURNABY, B.C. -- Burnaby RCMP say they arrested a woman who chained herself to a work truck Friday morning, one day after the B.C. Supreme Court granted Trans Mountain an injunction against demonstrators. Just before 8 a.m. Source