BEIJING (AP) -- Global stocks mostly rose Wednesday on upbeat data that reinforced confidence in the U.S. economic recovery.<br />
<br />
Oil edged up to stay above $104 a barrel as traders weighed the impact of conflicts in Ukraine and Libya.<br />
<br />
In early European trading, France's CAC 40 was little changed at 4,529.57 and Germany's DAX added 0.1 percent to 9,946.07. Britain's FTSE 100 gained 0.1 percent to 6,848.86.<br />
<br />
Futures augured more gains on Wall Street with Dow and S&P 500 futures both up 0.1 percent.<br />
<br />
Investors were encouraged by a government report that orders to U.S. factories for long-lasting manufactured goods rose unexpectedly in April, powered by a surge in demand for military aircraft.<br />
<br />
Also, the Conference Board's consumer confidence index rose in May to the second-highest level since January 2008, just after the start of the Great Recession.<br />
<br />
"The ongoing economic recovery is confirmed. Consumer confidence matched expectations," said Mizuho Bank in a report.<br />
<br />
In Asia, China's benchmark Shanghai Composite Index rose 0.8 percent to 2,050.23 and Japan's Nikkei 225 added 0.2 percent to 14,670.95.<br />
<br />
Hong Kong's Hang Seng advanced 0.6 percent to 23,080.03 and Sydney's S&P/ASX 200 closed up 0.3 percent to 5,527.20.<br />
<br />
In energy markets, benchmark crude for July delivery was up 20 cents to $104.31 in electronic trading on the New York Mercantile Exchange. The contract fell 24 cents to close Tuesday at $104.11<br />
<br />
The euro fell to $1.3622 from $1.3637 late Tuesday. The dollar dropped to 101.86 yen from 101.96 yen.
http://accesswdun.com/article/2014/5/275466
© Copyright 2015 AccessNorthGa.com
All rights reserved. This material may not be published, broadcast, rewritten, or redistributed without permission.