BANGKOK – World shares were mixed Tuesday after an overnight sell-off on Wall Street, with European benchmarks opening higher. But markets in China gained…
BANGKOK – World shares were mixed Tuesday after an overnight sell-off on Wall Street, with European benchmarks opening higher.
But markets in China gained after the government set a 6-6.5 percent growth target for this year, suggesting strong government support for the economy.
Germany’s DAX gained 0.2 percent to 11,618.33 while the CAC 40 in France added 0.1 percent to 5,294.10. Britain’s FTSE climbed 0.4 percent to 7,159.34.
Wall Street looked set for a recovery, with the future contract for the Dow Jones Industrial Average up 0.2 percent at 25,865.00. That for the S&P 500 was also up 0.2 percent, at 2,797.10.
In Asia, the Shanghai Composite index rose 0.9 percent to 3,054.25, while the benchmark in Shenzhen, a smaller, more domestic-oriented market jumped 2.3 percent after Chinese Premier Li Keqiang told the annual session of the country’s rubber-stamp parliament that the government was setting the growth target close to last year’s 6.
