Global Markets

LONDON, European shares rose on Wednesday, Reuters reported.
The STOXX 600 was up 0.2% on the day by 0757 GMT and London’s FTSE 100 was up 0.1%.
MSCI world equity index, which tracks shares in 49 countries was up 0.1%.
Asian stocks hit two-week highs and European shares, which opened slightly in the red, quickly rose, helped by upbeat earnings reports.
U.S. stocks were also set to rebound when Wall Street opens, with S&P 500 futures up 0.6%.
The dollar fell as European markets opened on Wednesday, down 0.1% against a basket of currencies at 93.705 at 0736 GMT.
Euro-dollar was up 0.2% at $1.1756, while the Australian dollar was up 0.5% against the U.S. dollar.
The pound was up 0.4% at $1.2919.
Oil prices extended their decline. With West Texas Intermediate crude oil futures down 48 cents at $40.18 a barrel by 0748 GMT.
Gold was up 0.7% at 0748 GMT, at $1,890.91 per ounce.


Source: Saudi Press Agency

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