Stock market today: World shares are mixed, with markets in Japan and US closed for holidays
Shares are mixed in Europe and Asia after a modest advance on Wall Street that kept the market on track for a fourth straight weekly gain
BANGKOK — World shares were mixed on Thursday after a modest advance on Wall Street that kept the market on track for a fourth straight weekly gain.
Markets in Japan and the U.S. are closed for holidays.
Oil prices initially fell about $1 a barrel after OPEC postponed until next week a meeting to discuss production cuts. The oil cartel has been maintaining a tight market for crude oil with production cuts. It is expected to extend those cuts after oil prices have fallen after a spike in the summer to almost $100 a barrel.
Germany's DAX gained 0.1% to 15,969.49 and the CAC 40 in Paris was up 0.1% at 7,266.18. Britain's FTSE 100 edged 0.2% higher to 7,080.48.
The futures for the S&P 500 and Dow Jones Industrial Average were virtually unchanged.
On Wednesday, the S&P 500 rose 0.4% and the Dow rose 0.5%. The Nasdaq gained 0.5%. Trading was muted ahead of the Thanksgiving holiday on Thursday. U.S. markets will open for half a day of trading on Friday.
In Asia, Hong Kong's Hang Seng reversed early losses, gaining 1% to 17,910.84 and the Shanghai Composite index rose 0.6% to 3,061.86.
Markets in Greater China have been swaying in reaction to moves by Chinese regulators to prop up the ailing property market. Shares in troubled developer Country Garden jumped 16% amid reports that it is included on a list of real estate companies eligible for financing support. Sino-Ocean Group Holding's shares soared 27%.
Australia's S&P/ASX 200 shed 0.6% to 7,029.20. In South Korea, the Kospi edged 0.1% higher, to 2,514.96.
Bangkok's SET lost 0.4% and the Taiex in Taiwan was down 0.1%. The Sensex in
Read more on abcnews.go.com
