World stocks respond to signs of Greece’s progress
Pamela Sampson, AP Business Writer, On Tuesday November 8, 2011, 4:08 am EST
BANGKOK (AP) — Asian stock markets struggled but European shares advanced Tuesday as fears that Italy could become the next domino to fall in Europe’s debt crisis were muted by Greece edging back from the brink.
Benchmark oil hovered near $96 per barrel, while the dollar fell against the euro and the yen.
Stocks in Europe gained in early trading. Britain’s FTSE 100 rose 0.8 percent to 5,552.21 while Germany’s DAX was 1 percent higher at 5,986.18. France’s CAC-40 added 0.9 percent to 3,129.43. Wall Street was headed for a lower opening, with Dow Jones industrial futures down 0.1 percent to 1,256.50 and S&P 500 futures losing 0.1 percent to 1,256.50.
In Asia earlier in the day, stocks struggled to make headway. Japan’s Nikkei 225 index fell 1.3 percent to close at 8,655.51. South Korea’s Kospi swung into negative territory midday, to close 0.8 percent down at 1,903.14. For more visit: Yahoo Finance
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