Saudi Arabia arrests 19,696 illegals in a week    Turki Al-Sheikh crowned "Most Influential Personality in the Last Decade" at MENA Effie Awards 2024    Move to ban on establishing zoos in residential neighborhoods    SFDA move to impose travel ban on workers of food outlets in the event of food poisoning    GACA: 1029 complaints recorded against airlines, with least complaints in Riyadh and Buraidah airports during October    CMA plans to allow former expatriates in Saudi and other Gulf states to invest in TASI    11 killed, 23 injured in Israeli airstrike on Beirut    Trump picks billionaire Scott Bessent for Treasury Secretary    WHO: Mpox remains an international public health emergency    2 Pakistanis arrested for promoting methamphetamine    Moody's upgrades Saudi Arabia's credit rating to Aa3 with stable outlook    Al Okhdood halts Al Shabab's winning streak with a 1-1 draw in Saudi Pro League    Mahrez leads Al Ahli to victory over Al Fayha in Saudi Pro League    Al Qadsiah hands Al Nassr their first defeat in the Saudi Pro League    Saudi musical marvels takes center stage in Tokyo's iconic opera hall    Saudi Arabia and Japan to collaborate on training Saudi students in Manga comics Saudi Minister of Culture discusses cultural collaboration during Tokyo visit    Al Khaleej qualifies for Asian Men's Club League Handball Championship final    Katy Perry v Katie Perry: Singer wins right to use name in Australia    Sitting too much linked to heart disease –– even if you work out    Denmark's Victoria Kjær Theilvig wins Miss Universe 2024    Order vs. Morality: Lessons from New York's 1977 Blackout    India puts blockbuster Pakistani film on hold    The Vikings and the Islamic world    Filipino pilgrim's incredible evolution from an enemy of Islam to its staunch advocate    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



China leads Asian stocks higher, Europe gains
Published in Saudi Press Agency on 22 - 01 - 2014

Asian and European stock markets mostly posted gains Wednesday led by a surge in Chinese stocks and in anticipation of a raft of British economic data, AP reported.
The Shanghai Composite jumped 2.2 percent to 2,147.14 after the central bank promised extra liquidity in the financial system the previous day, apparently outweighing news that China's growth was down slightly from the previous quarter.
Japan's Nikkei, the regional heavyweight, gained 0.2 percent to 15,820.96 and the Hang Seng in Hong Kong rose 0.2 percent to 23,082.25. South Korea's Kospi was down 0.3 percent at 1,970.42 and Australia's S&P/ASX 200 lost 0.2 percent to 5,319.80. India's Sensex added 0.2 percent.
In Europe, the FTSE 100 index of major British stocks gained 0.4 percent to 6,862.04 and Germany's DAX inched up 0.2 percent to 9,750.76. The CAC-40 in France added 0.3 percent to 4,335.35. Wall Street was set for an indifferent open with Dow futures slightly lower and S&P 500 futures a shade higher.
"The major bourses are in for a firmer start as they ride the momentum from Asian trade," strategist Stan Shamu of IG Markets said in a report.
He said a raft of British economic data due later would be significant for markets. "Any indications of further strength in the UK economy could see the pound continue its run."
Benchmark U.S. crude for March delivery was up 67 cents at $95.67 a barrel in electronic trading on the New York Mercantile Exchange.
In currencies, the euro fell to $1.3539 from $1.3561 late Tuesday. The dollar rose to 104.39 yen from 104.29 yen.


Clic here to read the story from its source.