Stocks continue to rise on hopes for trade war cease-fire

A man stands in front of an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo Friday, Sept. 14, 2018. Asian shares were mostly higher Friday, continuing their rally after gains on Wall Street and hopes that regional trade tensions may ease.(AP Photo/Eugene Hoshiko)
A woman walks past an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo Friday, Sept. 14, 2018. Asian shares were mostly higher Friday, continuing their rally after gains on Wall Street and hopes that regional trade tensions may ease. (AP Photo/Eugene Hoshiko)
A man rides a bicycle past an electronic stock board showing Japan's Nikkei 225 index at a securities firm in the rain in Tokyo Friday, Sept. 14, 2018. Asian shares were mostly higher Friday, continuing their rally after gains on Wall Street and hopes that regional trade tensions may ease. (AP Photo/Eugene Hoshiko)
A man walks past an electronic stock board showing Japan's Nikkei 225 index and other contorted indexs at a securities firm in Tokyo Friday, Sept. 14, 2018. Asian shares were mostly higher Friday, continuing their rally after gains on Wall Street and hopes that regional trade tensions may ease. (AP Photo/Eugene Hoshiko)
A man looks atan electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo Friday, Sept. 14, 2018. Asian shares were mostly higher Friday, continuing their rally after gains on Wall Street and hopes that regional trade tensions may ease.(AP Photo/Eugene Hoshiko)

TOKYO — Global stock markets rose further on Friday on hopes that the United States and China will call time-out in their escalating trade feud.

KEEPING SCORE: France's CAC 40 was up 0.3 percent at 5,344, while Germany' DAX rose 0.3 percent to 12,089. Britain's FTSE 100 also gained 0.3 percent, to 7,304. U.S. shares were also set to move higher, with Dow and S&P 500 futures both up 0.2 percent.

ASIA'S DAY: Japan's benchmark Nikkei 225 gained 1.2 percent to finish at 23,094.67. Australia's S&P/ASX 200 was up 0.6 percent at 6,165.30. South Korea's Kospi added 1.4 percent to 2,318.25. Hong Kong's Hang Seng rose 1.0 percent to 27,286.41, while the Shanghai Composite index lost 0.2 percent to 2,681.64.

TRADE FACTOR: China said Thursday that the U.S. government has invited it for talks on their escalating tariff dispute, ahead of a decision by President Donald Trump on whether to raise duties on $200 billion of Chinese imports. The move raised hopes for dialogue in the dispute, which risks having a big the impact on the Asian economy.

ENERGY: Benchmark U.S. crude added 33 cents to $68.92 a barrel. It slid 2.5 percent to $68.59 a barrel in New York on Thursday. Brent crude, used to price international oils, rose 18 cents to $78.36 a barrel in London.

CURRENCIES: The dollar rose to 111.83 yen from 111.45 yen. The euro rose to $1.1702 from $1.1642.

___

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

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

You may also interested in

Tesla's Autopilot system under scrutiny in fatal...

Sep 15, 2016

Tesla faces new scrutiny in China about its vehicle Autopilot system after state television...

Asia shares falter as investors watch dollar,...

Jan 6, 2017

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

China auto market has bumper year but 2017...

Jan 12, 2017

Industry figures show China's auto market had a bumper year in 2016 as sales grew by 15 percent,...

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...

China state media call Trump's Taiwan strategy...

Jan 16, 2017

China's state-run media says President-elect Donald Trump "speaks like a rookie" and called his...

About Us

Frontal Report is an emerging leader in all forms of media. We aim to be the leading news brand for readers around the world.

Contact us: sales[at]frontalreport.com

Subscribe Now!