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

|By:, SA News Editor

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%