London, Tokyo stocks higher in quiet May Day trading

In this April 16, 2018, file photo, people walk by an electronic stock board of a securities firm in Tokyo. Tokyo stocks were marginally higher Tuesday, May 1, 2018, while most other major Asian markets were closed for public holidays. The White House's announcement that it would postpone a decision on imposing hefty tariffs on U.S. imports of steel and aluminum products from some countries helped boost investor sentiment.(AP Photo/Koji Sasahara)
In this March 26, 2018 photo, people are reflected on an electronic stock indicator of a securities firm in Tokyo. Tokyo stocks were marginally higher Tuesday, May 1, 2018, while most other major Asian markets were closed for public holidays. The White House’s announcement that it would postpone a decision on imposing hefty tariffs on U.S. imports of steel and aluminum products from some countries helped boost investor sentiment. (AP Photo/Shizuo Kambayashi)
In this Nov. 13, 2017, photo, a man looks at an electronic stock board of a securities firm in Tokyo. Tokyo stocks were marginally higher Tuesday, May 1, 2018, while most other major Asian markets were closed for public holidays. The White House's announcement that it would postpone a decision on imposing hefty tariffs on U.S. imports of steel and aluminum products from some countries helped boost investor sentiment.(AP Photo/Koji Sasahara)

SEOUL, South Korea — Stocks were higher in Britain and Japan on Tuesday while most other major markets were closed for public holidays. The White House's postponement of a decision on imposing hefty tariffs on U.S. imports of steel and aluminum products from some countries helped boost investor sentiment.

KEEPING SCORE: Britain's FTSE 100 rose 0.4 percent to 7,537, with shares in BP up 1.5 percent after upbeat earnings. Markets in France and Germany were closed, while futures augured a lackluster start on Wall Street. The future for the S&P 500 lost 0.1 percent and the future for the Dow was flat.

ASIA'S DAY: Japan's Nikkei 225 added 0.2 percent to 22,508.03 and Australia's S&P/ASX 200 rose 0.5 percent to 6,015.20. Stock markets in Hong Kong, Shanghai, Seoul and most cities in Southeast Asia were closed for public holidays.

TRADE: The White House said Monday it would delay its decision to impose tariffs on U.S. imports of steel and aluminum from the European Union, Canada and Mexico for 30 days, sidestepping a potential trade battle with Europe. The announcement comes ahead of the trade talks between U.S. and China later this week. While the decision avoids a potential trade war with the EU, the bloc said it also prolonged uncertainty for businesses waiting for a permanent exemption.

OIL: Benchmark U.S. crude fell 64 cents to $67.93 per barrel in electronic trading on the New York Mercantile Exchange. The contract rose 47 cents to $68.57 per barrel on Monday. Brent crude, the international standard, declined 56 cents to $74.13 per barrel in London.

CURRENCIES: The dollar rose to 109.66 Japanese yen from 109.33 yen. The euro slipped to $1.2028 from $1.2075.

Must Read

Bombardier Inc. to partner with Airbus on C...

Oct 17, 2017

Canadian plane maker Bombardier has a sold a majority stake in its C Series passenger jet business...

French presidential hopeful Fillon refuses to...

Feb 6, 2017

Francois Fillon has defiantly refused to drop out of the race to be France's next president despite...

End of the euro? French candidate plots return of...

Feb 22, 2017

What happens to the euro if Marine Le Pen actually gets elected president of France

French presidential candidates seek votes from...

Feb 28, 2017

French far-right presidential candidate Marine Le Pen is admiring cows and promising new, improved...

The Latest: French Socialist candidate struggles...

Mar 15, 2017

French Socialist hopeful Benoit Hamon is struggling to keep party leaders united behind his...

About Us

Banking Reporter is the largest-circulated online business news in the United States, bringing a whole new genre of business journalism more up close and more incisive.

Contact us: sales[at]bankingreporter.com

Subscribe Now!