Oddbean

Global stocks trade mixed after Wall Street logs modest gains ========== Global shares traded mixed as investors weighed recent data highlighting a slowing U.S. economy. France's CAC 40 rose 0.4%, Germany's DAX surged 0.6%, and Britain's FTSE 100 edged up 0.2%. In Asian trading, Japan's Nikkei 225 shed 0.9%, Australia's S&P/ASX 200 edged up 0.4%, South Korea's Kospi jumped 1.0%, Hong Kong's Hang Seng slipped 0.1%, and Shanghai Composite dipped 0.8%. Australia's economy grew 0.1% in Q1, weaker than expected. Cash income for Japanese workers rose 2.1% in May. The S&P 500 ticked up by 0.2%, Dow Jones Industrial Average rose 0.4%, and Nasdaq composite added 0.2%. The U.S. Federal Reserve may cut interest rates to ease pressure on financial markets. Concerns about a slowing economy have hit the price of crude oil. In energy trading, benchmark U.S. crude rose to $73.49 a barrel and Brent crude added to $77.78 a barrel. The U.S. dollar rose to 156.22 Japanese yen from 154.84 yen, and the euro cost $1.0878. #GlobalStocks #WallStreet #UsEconomy http://www.naharnet.com/stories/en/305738