Global stocks mostly higher, Tokyo falls
Source: AP-EXCITE
By YURI KAGEYAMA
TOKYO (AP) - Global stock markets were mostly higher Tuesday as the Fed's vow to keep interest rates low offset weak economic indicators from China and Japan.
European stocks were higher in early trading. Germany's DAX gained 0.4 percent to 9,597.86 and France's CAC-40 rose 0.6 percent to 4,417.27. Britain's FTSE 100 added 0.4 percent to 6,624.37.
Wall Street was set to gain with S&P 500 futures up 0.1 percent at 1,867.20. Dow futures rose 0.2 percent to 16,399. Stock markets in the U.S. rose the day before after Federal Reserve chief Janet Yellen said U.S. interest rates would stay low for some time and that momentum continued Tuesday.
But the Nikkei 225, the main index for the Tokyo Stock Exchange, closed down 0.2 percent at 14,791.99. Japan's sales tax rose Tuesday to 8 percent from 5 percent, a change needed to help stabilize government finances but also a possible setback for consumer demand and economic recovery. Separately, the central bank's quarterly business survey showed muted confidence that could affect spending and investment plans.
FULL story at link.
Read more: http://apnews.excite.com/article/20140401/DACT8KU80.html
