World shares rise

|By:, SA News Editor

Global equities are higher amid Western efforts to try to resolve the crisis over Ukraine and ahead of interest rate decisions from the Bank of England and the European Central Bank.

EU leaders, meeting in Brussels today, are expected to again warn Russia but aren't seen following up their words with any substantial action just yet.

Of the ECB, Commerzbank strategists say: "If there is no rate cut today, we expect serious dovish talking from (ECB President Mario) Draghi in addition to any 'softer' action."

Japan +1.6%, Hong Kong +0.6%, China +0.3%, India +1.1%.

Euro Stoxx 50 +0.5%, London +0.1%, Paris +0.5%, Frankfurt +0.2%, Milan +0.75%, Madrid +0.7%.

U.S. stock futures: Dow +0.2%. S&P +0.2%. Nasdaq +0.1%