TOKYO (AP) — Global stocks mostly rose Tuesday as a jump in oil prices, a weaker yen and optimism on Wall Street helped to offset worries over China's growth.
KEEPING SCORE: France's CAC 40 added 0.1 percent to 4,315, while Germany's DAX shed 0.1 percent to 9,941. Britain's FTSE 100 gained 0.5 percent to 6,181. U.S. shares were set for a subdued open, with both Dow and S&P futures trading flat.
US IN FOCUS: U.S. interest rate policy will be a key driver for markets this week. In addition to planned remarks from several Federal Reserve officials, the Fed is scheduled to release minutes of its last meeting on Wednesday. Investors will be looking for hints on central bank plans for raising interest rates.
Later Tuesday, official figures are due for U.S. consumer price inflation, with the headline rate expected to rise to 1.1 percent in April from 0.9 percent the previous month. The Federal Reserve is looking closely at inflation numbers to determine whether it will raise interest rates again in June.
THE QUOTE: "Markets seem to be in a relatively sweet spot with a steadily stronger U.S. dollar and resilient commodities prices. Many investors have been predicting a pullback in markets, but despite all the negativity, markets have continued to grind higher," Angus Nicholson of IG said in a note.
APPLE FACTOR: Sentiment was boosted this week by news that billionaire Warren Buffett had invested in Apple, triggering a 3.7 percent jump in that stock. Apple is the most heavily weighted member of the S&P 500 and so a rise in its stock has an outsize impact on the index.
ASIA'S DAY: Earlier, Japan's benchmark Nikkei 225 rose 1.1 percent to 16,652.80 as the yen continued to weaken, a plus for Japanese exporters. Australia's S&P/ASX 200 added 0.7 percent to 5,395.90. South Korea's Kospi was flat at 1,968.06. Hong Kong's Hang Seng gained 1.2 percent to 20,118.80, while the Shanghai Composite edged down 0.3 percent to 2,843.68.
ENERGY: U.S. crude rose 19 cents to $47.91 a barrel in electronic trading on the New York Mercantile Exchange. It rose $1.51 on Monday. A plunge in oil prices since mid-2014 had hammered energy company earnings, and a recovery is good news for investor sentiment. Brent crude, used to price international oils, shed 11 cents to $48.86 a barrel in London.
CURRENCIES: The dollar rose to 109.48 yen from 108.90 yen and the euro rose to $1.1318 from $1.1306.
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