Asian shares rose to a one-year peak, lifted by a rise in US stocks to record highs a day earlier
European stock markets and Wall Street ventured back into positive territory today, buoyed by upbeat news from global retailers and other corporates. European stocks started the day mostly lower as the International Energy Agency (IEA) sent a stark reminder that the world economy is headed for Brexit-created uncertainty and therefore weaker oil demand. But investors took heart from the IEA's assertion that an oil production glut is still set to disappear by the end of the year, which prompted a bump in the oil price after earlier losses in Asia. This, in turn, boosted energy and commodities stocks, notably in London, where the FTSE 100 index reversed early losses to close 0.7 per cent higher. Paris even managed a gain of 1.2 per cent, while Frankfurt rose 0.9 per cent to close at a year-high. "European markets have been seeing unusual sessions these past few days," IG France analyst Alexandre Baradez said. "Volumes are low, and there are few economic data, but there's still a ...
MSCI's broadest index of Asia-Pacific shares rose 0.1%, while Nikkei fell 0.6% on yen's gains
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