Global stocks eke out small gains

Dhaka,  Mon,  21 August 2017
Published : 20 Apr 2017, 15:31:53
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Global stocks struggle on geopolitical tension

Global stocks eke out small gains
World stocks eked out small gains on Thursday as investors resisted risky bets ahead of the first round of the French presidential election over the weekend.

Oil prices, which fell sharply on Wednesday on supply news, regained some of their losses.

In general, markets cautiously stuck to well-worn trading ranges buffeted by concern over political risks and continued tensions over North Korea.

Europe's STOXX 600 rose 0.1 per cent bolstered by strong sales reported by consumer sector bellwether Unilever.

The FTSE 100, which has slid into negative territory for the year, was little changed.

In Asian hours, Japanese stocks failed to hold on to slim gains and closed flat on the day. MSCI's world stock index was up 0.13 per cent.

Brent crude futures LCOc1 were up 0.5 per cent to $53.22 a barrel after sliding more than 3.0 per cent in the previous session. US West Texas Intermediate crude futures CLc1 were up 0.4 per cent.

In currency markets, the euro EUR= rose 0.4 per cent to a three-week high of $1.0748 against the dollar. The greenback was 0.2 per cent weaker against a basket of major currencies.

Most euro zone bond yields were little changed on the day, according to Reuters.
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