Global markets up after Wall St. closes nearly flat

epaselect epa05451931 A trader works on the floor of the New York Stock Exchange (NYSE) at the start of the trading day in New York, New York, USA, on 02 August 2016. EPA/JUSTIN LANE ORG XMIT: JLX02

A trader works on the floor of the New York Stock Exchange (NYSE) at the start of the trading day in New York, New York, USA, on 02 August 2016. EPA/JUSTIN LANE ORG

Global stock markets were higher Tuesday after Wall Street closed nearly flat amid little market-moving news.

Prices of oil retreated after reports of a new Organization of the Petroleum Exporting Countries (OPEC) meeting sparked a rally, and U.S. stock futures were flat.

Japan’s Nikkei 225 index rose 0.7% to 16,764.97 Tuesday, while Hong Kong’s Hang Seng index lost 0.2% to 22,454.22. The Shanghai composite index was 0.7% higher at 3,025.68.

Germany’s DAX rose 0.2%, France’s CAC 40 gained 0.1% and Britain’s FTSE 100 added 0.3%.

OPEC announced Monday that oil ministers of the 14-nation organization will meet next month, well ahead of their previously scheduled November meeting. The report pushed up the price of…

Read the full article at usatoday.com…

Leave a Reply