Global stocks rise primarily after a slumping day on Wall Street

Tokyo (AP) — Optimistic views on the progress of coronavirus vaccination offset concerns about outbreaks in many countries, with global share almost rising on Wednesday.

France’s CAC 40 rose 0.3% to 6,150.27 in early trading. Germany’s DAX was up 0.1% to 15,227.91. The UK FTSE 100 rose 0.9% to 6,885.98. The future of the 30 Dow Jones Industrial Averages was 33,341.50, up nearly 0.1%, with US stocks set to rise. S & P 500 futures rose 0.1% to 4,067.88.

President Joe Biden said Tuesday that he would extend the state deadline by two weeks until April 19 to ensure that all adults in the United States are eligible for the coronavirus vaccine, reflecting the steady progress of the United States.

Despite growing optimism about the recovery of the global economy from a pandemic, Mizuho Bank’s Ministry of Finance for Asia and Oceania, Benkateswaran Lavagna, said some countries are lagging behind a “divergent recovery.” It was.

“Sure, the overall growth rating is bright. In 2020, global GDP reduction was 3.3%, not as bad as the previously expected 4.4% decline,” Lavanya said of GDP. And said.

The International Monetary Fund said that Expect global economic growth This year will accelerate as vaccine distribution increases and the world recovers. Lending agencies in 190 countries said the global economy is forecasting a 6% increase in 2021 from the 5.5% forecast in January. This will be the fastest expansion of IMF records dating back to 1980.

In Asian trading, the Japanese benchmark Nikkei 225 rose 0.1% to 29,730.79 and the Shanghai Composite Index fell 0.1% to 3,479.63. Australia’s S & P / ASX 200 was up 0.6% to 6,928.00. South Korea’s Kospi was up 0.3% to 3,137.41. Hong Kong’s Hang Seng Index fell 1.1% to 28,623.28.

After confirming that the Tokyo-based technology conglomerate had received a preliminary takeover offer, Toshiba’s stock trading was suspended.

Toshiba said it plans to “carefully consider” the details of the proposal and announce it “in due course.” Nikkei, a Japanese financial newspaper, reported that CVC Capital Partners is considering acquiring the company for 2 trillion yen ($ 18 billion).

CVC is an international private equity and credit company with approximately $ 162 billion in funding and managing over 300 investors. I declined to comment.

Founded in 1875, Toshiba has long been revered as one of Japan’s most respected brands, but in recent years it has been caught up in scandals and plagued by investment in nuclear power. After the Fukushima nuclear accident in March 2011, its costs have skyrocketed due to growing safety concerns and growing sentiment towards nuclear power in countries such as Germany.

The recent market turmoil largely reflects various assessments of the health and speed of recovery from a pandemic.

Vaccine distribution is accelerating the resumption of business, and government stimulus measures are helping to tentatively strengthen the business.

In energy trading, electronic trading on the New York Mercantile Exchange raised benchmark US crude oil by 18 cents to $ 59.51 a barrel. It was $ 59.33 a barrel, up 68 cents on Tuesday. The international standard Brent crude oil rose 19 cents to $ 62.93 a barrel.

In currency trading, the US dollar was 109.82 yen, almost unchanged from 109.81 yen late Tuesday. The price of the euro was $ 1.1876, up from $ 1.1870.

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