Stock market today: Global stocks higher after Wall St hits 15-month high ahead of holiday
Global stock markets are mostly higher after Australia's central bank kept its key lending rate unchanged and Wall Street hit a 15-month high
BEIJING — Global stock markets were mostly higher Tuesday after Australia's central bank kept its key lending rate unchanged and Wall Street hit a 15-month high.
London, Shanghai, Paris and Hong Kong advanced. Tokyo declined. Oil prices rose after Saudi Arabia and Russia said they are extending cuts to the amount of oil they pump to try to prop up prices..
Wall Street's benchmark S&P 500 index rose 0.1% on Monday ahead an update on U.S. employment, a factor watched by the Federal Reserve in deciding on possible additional interest rate hikes.
In early trading, the FTSE 100 in London gained less than 0.1% to 7,530.05. The CAC 40 in Paris rose 0.1% to 7,935.38 and the DAX in Frankfurt added 0.1% to 16,098.39.
U.S. markets were closed Tuesday for the Independence Day holiday.
In Asia, the Shanghai Composite Index gained less than 0.1% to 3,245.34 while the Nikkei 225 in Tokyo lost 1% to 33,422.52. The Hang Seng in Hong Kong advanced 0.4% to 19,393.33.
Sydney's S&P-ASX 200 gained 0.5% to 7,279.00 after the Reserve Bank of Australia left its benchmark lending rate at 4.1% in the day's biggest market data point.
Australia's inflation is past its peak but “still too high and will remain so for some time," said RBA Gov. Philip Lowe in a statement. He warned “further tightening of monetary policy may be required.”
The Kospi in Seoul lost 0.4% to 2,593.31 while India's Sensex advanced 0.6% to 65.618.63.
New Zealand and Bangkok advanced while Singapore and Jakarta declined.
On Monday, the Dow Jones Industrial Average advanced 0.1%. The Nasdaq composite added 0.2%.
The S&P 500 is at its
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