World stocks mixed as momentum fades after Wall St record

A man walks past an electronic board showing Hong Kong share index outside a local bank in Hong Kong, Wednesday, Oct. 11, 2017. Asian stocks are advancing after Wall Street's main index closed at a record high and Spain's Catalonia crisis eased after an independence leader backed away from plans to break away immediately. (AP Photo/Vincent Yu)
A woman walks past an electronic board showing Hong Kong share index outside a local bank in Hong Kong, Wednesday, Oct. 11, 2017. Asian stocks advanced Wednesday after Wall Street’s main index closed at a record high and Spain’s Catalonia crisis eased after an independence leader backed away from plans to break away immediately. (AP Photo/Vincent Yu)

HONG KONG — World stocks were mixed Wednesday as momentum from a record Wall Street close faded and investors grew cautious ahead of the release of the latest Federal Reserve meeting minutes and a key Chinese communist party meeting next week.

KEEPING SCORE: European shares were uneven, with Germany's DAX flat at 12,950 and France's CAC 40 down 0.3 percent to 5,349. Britain's FTSE 100 dipped 0.2 percent to 7,525 while Spain's Ibex 35 rose 1.5 percent to 10,294 after the Catalan regional government stopped short of declaring independence. Wall Street was poised to open lower, with Dow and S&P 500 futures both down 0.1 percent.

SPANISH TURMOIL: Spanish stocks rose after tensions over Catalonia's bid for independence eased somewhat after the region's president backed away from plans to immediately break away from Spain following results of a disputed referendum in favor of independence. In a speech, the regional president said he would delay a declaration of independence for several weeks to give dialogue a chance. The Spanish central government responded by asking for clarification and leaving open the door to revoking some of the region's autonomous powers.

GLOBAL OUTLOOK: Sentiment had brightened somewhat also after the International Monetary Fund's raised its latest forecast for global growth to 3.6 percent for this year and 3.7 percent in 2018, the fastest rates since 2010. It expects growth to accelerate in the United States, the 19-country eurozone, Japan and China this year, with a pickup in investment, industrial production and consumer and business confidence underpinning the improved global outlook.

LOOKING AHEAD: Investors in mainland China and Hong Kong are pulling back ahead of a Communist Party meeting that begins next week, when Beijing is expected to outline policy goals.

Markets will also be watching for the release of the Federal Reserve's September meeting minutes later in the day for new hints on the U.S. central bank's stance on interest rates, which many analysts expect will be raised one more time by the end of the year. Also on the horizon are the first corporate earnings as the U.S. quarterly reporting season gets underway.

ASIA'S DAY: Japan's Nikkei 225 index closed at a new 21-year high, rising 0.3 percent to 20,881.27, a level it hasn't seen since December 1996. South Korea's Kospi rose 1 percent to 2,458.16 and Australia's S&P/ASX 20 0.6 percent to 5,770.10. The Shanghai Composite in mainland China edged up 0.2 percent to 3,388.28 but Hong Kong's Hang Seng gave up earlier gains to end 0.4 percent lower at 28,389.57. Shares in Southeast Asia were mixed.

ENERGY: Oil futures extended gains. Benchmark U.S. crude oil rose 33 cents to $51.25 a barrel in electronic trading on the New York Mercantile Exchange. The contract added $1.34, or 2.7 percent, to settle at $50.92 a barrel on Tuesday. Brent crude, used to price international oils, gained 13 cents to $56.74 a barrel in London.

CURRENCIES: The dollar slipped to 112.22 yen from 112.45 yen in late trading Tuesday. The euro strengthened to $1.1825 from $1.1808.

You may also interested in

3 years into nation's hemp experiment, crop's future is hazy

Aug 12, 2016

Three years into the nation's hemp experiment, the crop's hazy market potential is starting to come into focus

Asian stocks drift pending fresh news; oil takes a breather

Aug 16, 2016

Asian stock markets drifted sideways on Tuesday as the price of oil took a breather from a three-day rally

Home Depot rides housing boom to record sales, profit

Aug 16, 2016

Home Depot posted record sales and earnings during its second quarter and raised its profit expectations for the year as housing market continues to warm up

People also read these

US producer prices slid 0.4 percent in July

Aug 12, 2016

US producer prices fell last month by the biggest percentage since September, pulled down by tumbling energy and food prices

Clinton releases 2015 tax returns, pushing Trump for his

Aug 13, 2016

A tax filing released by Hillary Clinton's campaign shows that Clinton and her husband earned $10.6 million last year

Miner BHP Billiton suffers $6.4 billion loss for 2015-16

Aug 16, 2016

The world's biggest miner, BHP Billiton, on Tuesday reported a $6.4 billion loss _ the Anglo-Australian company's worst ever full-year result

Weather, 20 December
Houston Weather

High: +11° Low: -2°

Humidity: 83%

Wind: NNE - 7 KPH

Canberra Weather

High: +27° Low: +17°

Humidity: 87%

Wind: W - 20 KPH

Roissy-en-France Weather

High: +6° Low: -5°

Humidity: 87%

Wind: ENE - 7 KPH

Florence Weather

High: +9° Low: +6°

Humidity: 97%

Wind: ENE - 17 KPH

Parga Weather

High: +16° Low: +4°

Humidity: 100%

Wind: SE - 25 KPH