World shares are mixed after Wall Street rallied and oil prices recovered slightly from their recent plunge. Stocks rose in Paris, Tokyo and Hong Kong but fell in London and Frankfurt.
A man wearing a mask against the spread of the new coronavirus walks past an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo Thursday, April 23, 2020. Asian shares rose moderately Thursday following a rally on Wall Street and even oil prices recovering from their recent plunge to zero.
France’s CAC 40 rose 0.1% in early trading to 4,426.13. while Germany’s DAX fell 0.7% to 10,341.40. Britain’s FTSE 100 edged less than 0.1% lower to 5,767.32.The U.S. House was expected to vote Thursday on a $483 billion proposal to deliver more loans to small businesses and aid to hospitals after the Senate approved it on Tuesday.
Investors are still bracing for a severe, painfully deep recession after businesses shut down worldwide in hopes of slowing the spread of the coronavirus. Even as depressing economic and health reports pile up, some investors are looking ahead to parts of the economy reopening as infections level off in some areas.
Prakash Sakpal and Nicholas Mapa, economists at ING, said a rise in oil prices, which have been crashing, was a help.Benchmark crude added $1.03 to $14.81 a barrel in electronic trading on the New York Mercantile Exchange. The price of a barrel of U.S. oil to be delivered in June jumped 19% to settle at $13.78 on Wednesday.
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