Overseas Trading: Climbing Crude Futures Push Global Stocks Higher

Oil stocks and miners are among the top gainers overseas, as both U.S. and Brent crude futures rack up early wins

Dec 23, 2015 at 8:15 AM

Stocks in Asia settled mostly higher today, boosted by Wall Street's positive Tuesday finish and firming oil prices. However, Shanghai-listed stocks reversed early gains to end in the red. By the close, Hong Kong's Hang Seng gained nearly 1%, South Korea's Kospi added 0.3%, and China's Shanghai Composite shed 0.4%. Markets in Japan are closed for holiday.

European stocks are broadly higher at midday, led by strength in resource names. Miners are extending their gains to a second session, while a bounce in Brent crude futures is supporting the energy sector. At last check, London's FTSE 100 is up 2.2%, France's CAC 40 has added nearly 2%, and Germany's DAX is 1.9% higher.

Overseas markets 1223

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