BEIJING — Global stock markets were mostly higher Tuesday after Australia’s central bank kept its key lending rate unchanged and Wall Street hit a 15-month high.
London, Shanghai, Paris and Hong Kong advanced. Tokyo declined. Oil prices rose after Saudi Arabia and Russia said they are extending cuts to the amount of oil they pump to try to prop up prices.. Sydney’s S&P-ASX 200 XJO gained 0.5% to 7,279.00 after the Reserve Bank of Australia left its benchmark lending rate at 4.1% in the day’s biggest market data point.
The S&P 500 SPX is at its highest level since April 2022. The benchmark has climbed in six of the past seven weeks for a 16% gain so far this year. The government report Friday on hiring and wages is one of the last big data points before the Fed’s meeting next month on interest rate policy. Apple Inc. AAPL slipped 0.8% after becoming the first U.S. stock on Friday to finish a trading day with a total value of more than $3 trillion.
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