Global stocks mostly higher on telecoms news, stimulus hopes

Global stocks mostly higher on telecoms news, stimulus hopes

TOKYO (AP) — Global stock markets rose Wednesday amid optimism about the telecommunications industry and as investors expect more central bank stimulus in the eurozone.

Shares in technology investor SoftBank jumped 6.2 percent in Tokyo after its CEO met with U.S. President-elect Donald Trump and announced that the Japanese company, which owns the majority of Sprint, plans to invest $50 billion in the U.S. to create 50,000 jobs.

The bigger-than-expected contraction raised hopes for possible stimulus measures.

Benchmark U.S. crude rose 10 cents to $51.03 in electronic trading on the New York Mercantile Exchange.