Global stocks mixed after Wall Street falls on cheaper oil

Global stocks mixed after Wall Street falls on cheaper oil

BEIJING (AP) — Global stocks were mixed in thin trading Thursday after the latest decline in oil prices pulled Wall Street lower. Markets in Germany, Japan & South Korea were closed for the New Year holiday.

KEEPING SCORE: In early trading, France's CAC-40 shed 0.4 percent to 4,656.27 & Britain's FTSE 100 was down 0.2 percent at 6,259.16. On Wednesday, Germany's DAX fell 1.1 percent & the CAC-40 lost 0.5 percent. The FTSE slipped 0.6 percent. On Wall Street, the future for the Dow Jones industrial average gained 0.05 percent & the Standard & Poor's 500 was up 0.06 percent. On Wednesday, both lost 0.7 percent & the Nasdaq composite fell 0.8 percent.

ASIA'S DAY: The Shanghai Composite Index retreated 0.9 percent to 3,539.18 points while Hong Kong's Hang Seng gained 0.15 percent to 21,914.40. Australia's S&P/ASX 200 lost 0.5 percent to 5,295.90 & India's Sensex gained 0.1 percent to 25,980.85. Benchmarks in New Zealand & Thailand moreover advanced. Singapore declined.

p>ANALYST'S TAKE: "On the eve of the new year, the fact is that lingering & familiar risks are not purged at the stroke of midnight," Mizuho Bank said in a report. It cited fluctuating oil prices & uncertainty approximately the impact of monetary policy changes in the United States, Europe & Japan. "Instead the risk landscape is a continuum that warrants caution."

ENERGY: Benchmark U.S. crude gained 15 cents to $36.75 per barrel in electronic trading on the New York Mercantile Exchange. The contract plunged $1.27 on Wednesday to close at $36.60. Brent crude, used to price international oils, added 13 cents to $36.59 in London. It slid $1.33 in the previous session to $36.46.

CURRENCY: The dollar declined to 120.37 yen from Wednesday's 120.49. The euro fell to $1.0919 from $1.0936.

Commodity MarketsFinanceWall Streetoil prices

Source: “Associated Press”

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