Global stock markets mostly inch higher

Source: AP-EXCITE

By YOUKYUNG LEE

SEOUL, South Korea (AP) — Global stock markets mostly inched higher Monday as investors prepared for a busy week of economic news that will give new clues about the strength of the global recovery.

European markets were steady in early trading. Britain's FTSE and France's CAC 40 were nearly flat at 6,761.24 and 4,438.43 respectively while Germany's DAX added 0.3 percent to 9,845.17.

Wall Street was set for a tepid session. Dow Jones futures were down 0.1 percent and S&P 500 futures were little changed.

Trading this week is likely to turn on data from China and the U.S. and a European Central Bank meeting. Last week, Asian stock markets were buffeted by weak U.S. consumer spending and sluggish growth in Chinese industrial profits.

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