Stock markets turn higher after Wall Street drop
Source: AP-Excite
By KELVIN CHAN
HONG KONG (AP) — Stock markets edged up in Europe and Wall Street was expected to rise on the open Friday, as investors look past the previous day's sharp losses and await new U.S. economic indicators. Asian benchmarks closed lower.
KEEPING SCORE: Germany's DAX rose 0.1 percent to 9,517.84 while France's CAC 30 gained 0.7 percent to 4,387.13. Britain's FTSE 100 rose 0.1 percent to 6,648.01. U.S. stocks were set for gains, with Dow futures adding 0.2 percent and S&P 500 futures up 0.1 percent.
ASIA'S DAY: Japan's benchmark Nikkei 225 led most Asian benchmarks lower, falling 0.9 percent to close at 16,229.86. South Korea's Kospi lost 0.1 percent to 2,031.64 while Hong Kong's Hang Seng shed 0.4 percent to 23,678.41. The Shanghai Composite Index edged up 0.1 percent to 2,347.72. Australia's S&P/ASX 200 fell 1.3 percent to 5,321.00. Benchmarks in Taiwan, Singapore and New Zealand also slipped.
GERMAN, U.S. DATA: Investor sentiment was briefly weighed down by a survey that found consumer confidence in Germany, Europe's largest economy, fell further on concern about the Ukraine conflict and broader weakness on the continent. Investors soon turned their attention to bigger data releases on the U.S., the world's top economy, later in the day, when the government releases its final estimate of U.S economic growth for the April-June quarter. That is accompanied by the University of Michigan consumer sentiment index for September.
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FILE - This Jan. 4, 2010 file photo shows an entrance to a Wall Street subway station in New York. Global stocks markets were mostly higher Thursday Sept. 25, 2014 after a surge in new home sales in the U.S. bolstered sentiment. But gains were limited by worries about Europe's stagnant economy and violence in Iraq and Syria. (AP Photo/Mark Lennihan, File)
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