The Canadian Press - ONLINE EDITION

World stock markets rise as Ukraine plane tensions ease

  • Print

TOKYO - World stock markets rose Tuesday as tensions over the downing of a passenger jet in Ukraine eased after pro-Moscow separatists released a train packed with bodies and handed over the aircraft's black boxes.

In Europe, Britain's FTSE 100 gained 0.5 per cent to 6,764.55 and Germany's DAX added 0.8 per cent to 9,689.15. France's CAC-40 gained 0.6 per cent to 4,328.51. U.S. markets looked set for an upbeat start, with Dow futures up 0.2 per cent and S&P 500 futures up 0.1 per cent.

Shares fell Monday as investors awaited corporate earnings while monitoring the mounting political turmoil in Gaza and Ukraine.

Some investors fear Western governments, already alarmed by Russia's support for rebels in Ukraine's east, might toughen economic sanctions over the shooting down of the Malaysia Airlines last week with 298 people aboard.

The conciliatory moves by the rebels came as European Union foreign ministers were due to meet Tuesday to discuss such penalties.

Stock markets in Southeast Asia were mostly higher, though Indonesian shares tumbled 1.7 per cent to 5,039.59 as authorities prepared to release official results of the country's hotly disputed presidential election.

Elsewhere in the region, Hong Kong's Hang Seng added 1.6 per cent to 23,748.72 by mid-afternoon as investors snapped up China property shares on expectations regional governments in China will move to shore up the troubled real estate sector.

"There's not much sparkling news," said Linus Yip, a strategist at First Shanghai Securities in Hong Kong. "But Chinese property plays are doing well as some provinces are due to introduce control policies."

China's Shanghai Composite Index rose 1 per cent to 2,075.48.

Lending and sales curbs have cooled China's red-hot housing market, raising worries over possible defaults by overstretched property developers.

Japan's Nikkei 225 stock index added 0.8 per cent to 15,343.28 as trading resumed after Monday's public holiday. South Korea's Kospi gained 0.5 per cent to 2,028.93.

In energy markets, U.S. benchmark crude for September delivery was up 24 cents to $103.10 a barrel in electronic trading on the New York Mercantile Exchange. The contract rose 91 cents to $102.86 on Monday. The August contract, which expires Tuesday, was up 43 cents at $105.02 a barrel.

The euro edged lower, to $1.3514 from $1.3524 late Monday. The dollar rose to 101.49 yen from 101.40 yen.

Fact Check

Fact Check

Have you found an error, or know of something we’ve missed in one of our stories?
Please use the form below and let us know.

* Required
  • Please post the headline of the story or the title of the video with the error.

  • Please post exactly what was wrong with the story.

  • Please indicate your source for the correct information.

  • Yes

    No

  • This will only be used to contact you if we have a question about your submission, it will not be used to identify you or be published.

  • Cancel

Having problems with the form?

Contact Us Directly
  • Print

You can comment on most stories on winnipegfreepress.com. You can also agree or disagree with other comments. All you need to do is be a Winnipeg Free Press print or e-edition subscriber to join the conversation and give your feedback.

You can comment on most stories on winnipegfreepress.com. You can also agree or disagree with other comments. All you need to do is be a Winnipeg Free Press print or e-edition subscriber to join the conversation and give your feedback.

Have Your Say

New to commenting? Check out our Frequently Asked Questions.

Have Your Say

Comments are open to Winnipeg Free Press print or e-edition subscribers only. why?

Have Your Say

Comments are open to Winnipeg Free Press Subscribers only. why?

The Winnipeg Free Press does not necessarily endorse any of the views posted. By submitting your comment, you agree to our Terms and Conditions. These terms were revised effective April 16, 2010.

letters

Make text: Larger | Smaller

LATEST VIDEO

Sneak peek: The galleries of CMHR

View more like this

Photo Store Gallery

  • RUTH BONNEVILLE / WINNIPEG FREE PRESS June 23, 2011 Local - A Monarch butterfly is perched on a flower  in the newly opened Butterfly Garden in Assiniboine Park Thursday morning.
  • A Yellow-bellied Sapsucker hangs out on a birch tree in St. Vital. The Yellow-bellied Sapsucker is considered a keystone species. Other species take advantage of the holes that the birds make in trees. A group of sapsuckers are collectively known as a

View More Gallery Photos

Poll

Do you plan on attending any of the CMHR opening weekend events? (select all that apply)

View Results

View Related Story

Ads by Google