Markets Right Now: European stocks rise despite Asian drop

May 2, 2016 at 7:44 a.m. | Updated May 2, 2016 at 8:00 a.m.

by Associated Press

A man looks at an electronic stock indicator of a securities firm in Tokyo, Monday, May 2, 2016. Asian stock markets fell Monday as investors displayed their disappointment over the lack of further stimulus from Japan's central bank. The surge in the Japanese yen and a bleak outcome from a monthly factory managers' survey did little to lighten the gloom. (AP Photo/Shizuo Kambayashi)
A man looks at an electronic stock indicator of a securities firm in Tokyo, Monday, May 2, 2016. Asian stock markets fell Monday as investors displayed their disappointment over the lack of further stimulus from Japan's central bank. The surge in the Japanese yen and a bleak outcome from a monthly factory managers' survey did little to lighten the gloom. (AP Photo/Shizuo Kambayashi)

LONDON (AP) - The Latest on global financial markets (all times local):

12:35 p.m.

European stocks are pushing higher despite low trading volumes due to a bank holiday in some countries in the region.

While Britain's market was closed Monday, Germany's DAX was up 1 percent at 10,142.82 and France's CAC 40 was up 0.6 percent at 4,454.81.

Wall Street was also expected to edge up on the open, with Dow and S&P 500 futures each up 0.2 percent, while oil prices recovered from early losses. The U.S. benchmark contract for crude oil was down 7 cents at $45.85.

The gains are in line with what appears to be greater confidence in the global economy, although that sentiment remains fragile.

Earlier, stocks in Japan led Asia lower as investors reacted with disappointment to the Bank of Japan's decision to not provide more monetary stimulus.

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