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International markets roundup

NEW YORK: Wall Street has climbed for a third straight session, buoyed by and Apple, while investors focused on upcoming inflation data that could upset the market's fragile recovery. rose 1.9 per cent while Apple added 0.73 per cent, both helping the S&P 500 shake off a negative open to the session and climb 0.13 per cent in afternoon trade.

Investors said upcoming data on US consumer prices and retail sales due out on Wednesday would be key to where stocks move in the short term. Inflation and interest-rate fears sparked a stock market rout after US jobs data on February 2.

Cleveland Fed president Loretta Mester, a voting member in the central bank's rate-setting committee this year, said the recent stock market sell-off and jump in volatility will not damage the economy's overall strong prospects.

After a wildly volatile week that pushed the market into correction territory, US stocks gained roughly 3 per cent over Friday and Monday, their best two-day gain since June 2016.

In late trading (0707 Wednesday AEDT), the Dow Jones Industrial Average was up 0.18 per cent at 24,646.48 points, the S&P 500 had gained 0.20 per cent to 2,660.54, and the Nasdaq Composite added 0.39 per cent to 7,008.95.

LONDON: European shares fell on Tuesday as a flurry of corporate results failed to lift indexes and Wall Street pulled back ahead of Wednesday's crucial data on US inflation.

The pan-European STOXX 600 benchmark index fell 0.6 per cent but remained above the near six-month low hit earlier this month, while Germany's DAX fell 0.7 per cent to 12,196.50.

A flurry of corporate results yielded both positive and negative reactions on European trading floors.

The telecoms sector led sectoral fallers in Europe after Telenet reported 2017 results. The Belgian operator fell more than 5.5 per cent, the worst performer on the STOXX.

A recovery among commodities stocks helped Britain's top share index outperform European peers on Tuesday, though it came under pressure from a firmer pound after some stronger-than-expected inflation data.

The blue-chip FTSE 100 index ended the day down 0.13 per cent at 7,168.01 points, while mid-caps slipped 0.3 per cent.

TOKYO: Stocks see-sawed with solid gains in China and other Asian emerging markets offset by a tumble in Japan.

MSCI's Asia ex-Japan stock index was firmer by 0.89 per cent while Japan's Nikkei index closed down 0.65 per cent at .

Hong Kong stocks rose, tracking a global rebound, as some investors sought bargains following last week's savage sell-off

The Hang Seng index closed up 1.29 per cent at 29,839.53. The Hang Seng China Enterprises index rose 0.88 per cent to 12,004.51.

The top gainer on Hang Seng was Sunny Optical Technology Group, up 6.22 per cent, while the biggest loser was Lenovo Group which was down 1.54 per cent.

China's main Shanghai Composite index closed up 0.98 per cent at 3,184.96 points while its blue-chip CSI300 index ended up 1.17 per cent at 3,935.63.

WELLINGTON: The S/NZX 50 Index rose 0.8 per cent, to 8122.22.

Austrlaian Associated PressBack to Breaking News

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