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World stocks higher after Wall St gains on recovery hopes

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Asia stocks lower after Wall Street gains on recovery hopes

London and Frankfurt opened higher. Benchmarks in Shanghai, Hong Kong and Seoul rose after early losses. Tokyo retreated after Japan reported its exports sank in May.

Futures for the S&P 500 index and the Dow Jones Industrial Average were up 0.4% after the benchmark S&P 500 index added 1.9% on Tuesday for its third daily gain. That followed data showing U.S. retail spending was stronger than expected. "We don't imagine markets will share this nuanced view." said Carnell. "They will likely make the most of any good news and continue to be dismissive of any bad news."

In Asia, the Shanghai Composite Index edged 0.1% higher to 2,935.87 while the Hang Seng in Hong Kong added 0.6% to 24,481.41.

 

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