Global equities boosted by World Bank, U.S. retail sales

World shares are mostly higher, with the mood lifted by a bullish global outlook from the World Bank and better-than-expected retail sales in the U.S.

However, Chinese shares didn't take part in the fun, closing -0.2% after data showed a slowdown in lending and and money supply, and amid the continued effects of the reopening of the IPO market. Meanwhile, Japanese stocks recovered somewhat from sharp losses yesterday as the dollar rose against the yen.

Elsewhere in Asia, Hong Kong +0.5%, India +1.2%.

EU Stoxx 50 +0.4%, London +0.3%, Paris +0.4%, Frankfurt +0.8%, Milan +0.6%, Madrid -0.1%.

U.S. stock futures: Dow +0.15%. S&P +0.1%. Nasdaq +0.3%

Comments (1)
  • snoopy44
    , contributor
    Comments (1492) | Send Message
    How can the World Bank issue a bullish global outlook with the BDI down 40% since the start of the year? Come on people. Waving "pixie dust" and issuing fatuous outlooks with nothing to back them up with sounds a lot like a global organization totally disconnected from reality. Pathetic.
    17 Jan 2014, 05:47 AM Reply Like
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