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Global Shares Up as China Exports Rise 04/13 05:35

   Global shares were mostly higher on Tuesday with hopes growing for a global 
economic rebound despite surging coronavirus cases in many places.

   TOKYO (AP) -- Global shares were mostly higher on Tuesday with hopes growing 
for a global economic rebound despite surging coronavirus cases in many places.

   France's CAC 40 gained 0.3% in early trading to 6,181.52, while Germany's 
DAX edged up 0.2% to 15,251.55. Britain's FTSE 100 fell less than 0.1% to 
6,885.07. U.S. shares were set for a slow start, with the future for the Dow 
industrials up 0.1% at 33,656.0. S&P 500 futures also inched up less than 0.1%, 
to 4,121.38.

   China reported its exports rose nearly 31% in March, in line with 
expectations but weaker than the 60% growth seen in the first two months of the 
year.

   The rising trade activity reflects higher demand in overseas markets even as 
some countries restore precautions to counter rising numbers of new infections.

   Japan's benchmark Nikkei 225 gained 0.7% to finish at 29,751.61. South 
Korea's Kospi gained 1.1% to 3,169.08. Australia's S&P/ASX 200 inched up less 
than 0.1% to 6,976.90. Hong Kong's Hang Seng rose 0.2% to 28,497.25, while the 
Shanghai Composite slipped 0.5% to 3,396.47.

   Robert Carnell, Regional Head of Research Asia-Pacific at ING, expects 
trading in the region to be tentative as investors await data that will help 
assess the recovery from pandemic damage.

   Apart from the Chinese trade data, "Asian markets, like others, will be on 
tenterhooks pending the release of important March U.S. inflation figures later 
today," he said in a report.

   Earnings season is approaching and corporate results may indicate the 
direction of future growth as nations gradually emerge from the damage set off 
by the pandemic.

   JPMorgan Chase and Wells Fargo report on Wednesday, while Bank of America 
and Citigroup report on Thursday.

   Worries remain about recent surges in COVID-19 cases, including Brazil and 
Michigan state in the U.S. Earlier this week, Japan, which trails the world in 
the vaccine rollout, called for government-backed measures to curb the recent 
surge in the sickness in some areas.

   In Thailand, authorities are warning of a potential explosion in cases after 
many new infections were found among people who frequent clubs and other 
entertainment venues.

   In energy trading, benchmark U.S. crude added 15 cents to $59.85 a barrel in 
electronic trading on the New York Mercantile Exchange. It gained 38 cents on 
Monday to $50.70 per barrel. Brent crude, the international standard, gained 23 
cents to $63.51 a barrel.

   In currency trading, the U.S. dollar inched down to 109.36 Japanese yen from 
109.40 yen late Monday. The euro slipped to $1.1902 from $1.1911.

 
 
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