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Global stocks climb as oil dips
Most global stocks rose today in Europe and Asia, despite crude oil prices retreating from recent gains. In Europe, the German DAX index increased by 0.7% to reach 24,975 points, the French CAC 40 rose by 0.9% to 7,789 points, and the UK’s FTSE 100 climbed by 0.7% to 10,515 points. In Asia, the Japanese Nikkei 225 closed nearly unchanged at 69,030 points, the Shanghai Composite in China increased by 0.1%, Hong Kong’s Hang Seng jumped by 1.6% to 24,152 points, and India’s Sensex rose by 1.2%. Brent crude oil prices fell by 1% to $103.28 per barrel, while West Texas Intermediate dropped by 0.8% to $90.75. Additionally, U.S. 10-year Treasury bond yields initially rose by 0.35% before retreating to 0.23%. The dollar appreciated by 0.5% against the yen, reaching 158 yen, and the euro strengthened to $1.228.
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