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)

Shares advance in Britain and Japan; most other markets closed

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.

Peaple also read these

Powerful cyclone slams into Australia's tropical...

Mar 28, 2017

A powerful cyclone has slammed into Australia's tropical northeast coast, tearing down trees and...

Apple sends warning to banks with Australian...

Mar 31, 2017

US-APPLE-AUSTRALIA:Apple sends warning to banks with Australian mobile payments decision

Third body found in aftermath of damaging...

Apr 2, 2017

US-AUSTRALIA-CYCLONE:Third body found in aftermath of damaging Australian cyclone

Ethical investment tide lifts 'greenwash' concerns

Apr 2, 2017

US-INVESTMENT-ETHICS:Ethical investment tide lifts 'greenwash' concerns

Ex-Cyclone Debbie wreaks havoc in New Zealand

Apr 5, 2017

US-AUSTRALIA-CYCLONE-NEWZEALAND:Ex-Cyclone Debbie wreaks havoc in New Zealand

Sign up now!