Global stocks rise on strong European, Chinese data

Kimono-clad employees of the Tokyo Stock Exchange and models pose for photographers after a ceremony marking the start of this year's trading in Tokyo Thursday, Jan. 4, 2018. (AP Photo/Eugene Hoshiko)
Kimono-clad employees of the Tokyo Stock Exchange and models pose for photographers in front of stock prices board after a ceremony marking the start of this year's trading in Tokyo Thursday, Jan. 4, 2018. (AP Photo/Eugene Hoshiko)
Visitors stand near an electronic stock board showing a trading figure at Tokyo Stock Exchange a ceremony marking the start of this year's trading in Tokyo Thursday, Jan. 4, 2018. (AP Photo/Eugene Hoshiko)
Kimono-clad employees of the Tokyo Stock Exchange and models walk out from the stage during a ceremony marking the start of this year's trading in Tokyo Thursday, Jan. 4, 2018. (AP Photo/Eugene Hoshiko)
Staff of the Tokyo Stock Exchange and guests make a ceremonial hand-clapping during a ceremony marking the start of this year's trading in Tokyo Thursday, Jan. 4, 2018. (AP Photo/Eugene Hoshiko)
Workers of Tokyo Stock Exchange monitor stock prices on an electric screen during the first trading session of the year at the Tokyo Stock Exchange in Tokyo Thursday, Jan. 4, 2018. (AP Photo/Eugene Hoshiko)
Kimono-clad women pose for photographers in front of stock prices board after a ceremony marking the start of this year's trading the Tokyo Stock Exchange in Tokyo Thursday, Jan. 4, 2018. (AP Photo/Eugene Hoshiko)

TOKYO — Global stocks rose on Thursday after strong economic data from Europe and China, while shares in chipmaker Intel were expected to fall again over a data security scare.

KEEPING SCORE: France's CAC 40 added 1.3 percent to 5,400, while Germany's DAX gained 1.1 percent to 13,122. Britain's FTSE 100 edged nearly 0.2 percent higher to 7,682. U.S. shares were also set for gains, with Dow futures up 0.4 percent and S&P 500 futures adding 0.2 percent.

ECONOMIC DATA: A survey of the manufacturing and services sectors in the 19-country eurozone saw business activity rise in December to its highest in nearly seven years. The survey suggests the bloc's economic upswing is still gathering pace and is shared across the region. A similar survey in China of the services sector also rose, unexpectedly. That suggests the country will be more resilient to a slowdown in industrial production.

ASIA'S DAY: Japan's benchmark Nikkei 225 advanced 3.3 percent to finish at 23,506.33 in the celebratory first trading session of the year. Australia's S&P/ASX 200 edged 0.1 percent higher to 6,077.10. South Korea's Kospi lost 0.8 percent to 2,466.46, while Hong Kong's Hang Seng added 0.5 percent to 30,736.48, while the Shanghai Composite gained 0.5 percent to 3,385.71.

CHIPMAKERS: Shares in Intel fell 3.4 percent on Wednesday and were down another 1.9 percent in premarket trading Thursday after security researchers at Google discovered serious security flaws in its computer processors. Though a fix was expected, it's unclear what other chipmakers might be affected. Rival AMD said it believes its chips are safe and saw its shares rise 3.1 percent in premarket trading after a 5.2 percent gain the previous day.

ENERGY: Benchmark U.S. crude rose 15 cents to $61.78 a barrel in electronic trading on the New York Mercantile Exchange. It added $1.26 on Wednesday. Brent crude, used to price international oils, shed 2 cents to $67.82 a barrel in London.

CURRENCIES: The dollar rose to 112.62 yen from 112.36 yen. The euro rose to $1.2070 from $1.2014.

____

Follow Yuri Kageyama on Twitter at https://twitter.com/yurikageyama

Her work can be found at https://www.apnews.com/search/yuri%20kageyama

Must Read

Asia shares falter as investors watch dollar, await job data

Jan 6, 2017

Asian shares are wavering as a weaker dollar discourages investors who are shying away from risky...

China pledges further cuts in excess steel, coal production

Jan 10, 2017

China's top economic planner has pledged to continue cutting steel and coal production, which have...

China exports shrink as Trump trade tensions loom

Jan 13, 2017

China's exports fell back into contraction again last month, signaling renewed weakness for the...

Asian shares rise in thin trade as markets watch Trump

Jan 27, 2017

Asian stocks are drifting mostly higher in quiet trading as traders and investors prepared for the...

Asian stocks decline after Wall Street falls

Feb 7, 2017

Asian stocks are lower after Wall Street declined and oil rebounded

People also read these

DEA opens shop in China to help fight synthetic drug trade

Jan 6, 2017

The U.S. Drug Enforcement Administration plans to open a new office in southern China and, at...

McDonald's sells China business in deal worth up to $2.1B

Jan 9, 2017

Fast-food giant McDonald's is selling a controlling stake in its China business to a group of...

What Trump's trade and geopolitical moves mean for China

Jan 24, 2017

With his rejection of an Asian trade pact, U.S. President Donald Trump has started tackling policy...

China faces political conflicts in moves to cut debt burden

Jan 25, 2017

Chinese leaders face conflicting political pressures as they begin tackling a swelling mountain of...

Global stocks rise on robust US jobs report

Feb 3, 2017

Global stocks are up after the U.S. employment report showed a strong increase of 227,000 jobs in...

AseanCoverage is a next-gen news site focusing exclusively on online news from South East Asia.

Contact us: sales@aseancoverage.com