Shares were higher in Europe and Asia ahead of an update Friday on U.S. wholesale prices that will provide insights into how businesses are coping with inflation.
Germany's DAX added 0.2% to 14,295.30 while the CAC 40 in Paris was nearly unchanged at 6,649.30. Britain's FTSE 100 also was little changed, gaining less than 2 points to 7,474.82.
Property shares got a boost from Sunac China Holdings' announcement that it has made "considerable progress" in restructuring $9.1 billion of its $11 billion in offshore debts. More than a third of the total originally was to fall due by the end of the year. The relaxation of some of the China's "zero-COVID" rules is also raising hopes the economy will gain momentum, though experts say it will take months for tourism and other business to recover from the disruptions of the pandemic.
Tokyo's Nikkei 225 index gained 1.2% to 27,901.01 and the Kospi in Seoul rose 0.8% to 2,389.04. Australia's S&P/ASX 200 picked up 0.5% to 7,213.20. Activision Blizzard lost 1.5% after the Federal Trade Commission said it is suing to block Microsoft's planned $69 billion takeover of the video game company, saying it could suppress competitors to its Xbox game consoles and its growing games subscription business. Microsoft rose 1.2%.
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