World shares tilt higher
- Global stocks are mostly flat-to-higher following data which shows that the recovery in the eurozone is gradually taking hold and that Chinese inflation remains tame.
- However, Japan's Nikkei fell 1.5%, with the strength of the yen once again providing a ready explanation after disappointing U.S. retail sales and weekly jobs figures caused the dollar to weaken.
- In Europe, Italian stocks are giving a vote of confidence to the ousting of Prime Minister Enrico Letta in favor of Matteo Renzi, who is thought to be more likely to be able to implement reform.
- Hong Kong +0.6%, China +0.8%, India +0.9%.
- London +0.1%, Paris +0.4%, Frankfurt +0.5%, Milan +1%, Madrid +0.5%.
- U.S. stock futures: Dow flat. S&P flat. Nasdaq +0.05%
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