World markets mixed amid China trade data

World stock markets were mixed Thursday, with strong Chinese trade figures to strengthen confidence of some investors, while others from riskier assets on fears that the oil giant could BP in bankruptcy over the Gulf of Mexico oil spill directed.

Oil extends gains above $ 74 a barrel, with prices jumping to a fall in U.S. crude inventories and after Federal Reserve Chairman Ben Bernanke said economic recovery in the U.S. remains on course. The dollar weakened against the yen and the euro enjoyed a slight increase compared to the greenback.

Wall Street was formed to a sell-off on Wednesday, with Dow futures rally to 33 points or 0.3 percent, and the broader Standard & Poors 500 futures up 6.2 or 0.6 percent, to 1,061.80 .

Shares were lower in early European trading opens, with the FTSE 100 index of leading British shares of 0.3 percent, in Germany the DAX off 0.4 percent and the French CAC-40 lower by 0.4 percent.

Better than expected trade data from China helped buoy markets in Asia. Imports and exports both rose by almost 50 percent in May over a year before in a positive sign for growth in the world's third largest economy.

"Chinese export data seemed very encouraging, at least on the surface," said Ben Kwong Man Bun, chief operating officer of KGI Asia Ltd in Hong Kong. "The market is not as anxious as before."

Japan's Nikkei 225 Stock Average added 103.52 points, or 1.1 percent, to 9,542.65. The Nikkei was down as the government said the Japanese economy - the world's second largest - grew a revised 5.0 percent in January-March quarter, up from an earlier estimate of 4.9 percent growth.

South Korea's KOSPI index closed up 4.48, or 0.3 percent to 1,651.70 while Australia's S & P / ASX 200 was up 1.1 percent at 4,435.3. Hong Kong Hang Seng was up 0.1 percent to 19,632.70. Benchmarks in Singapore, Taiwan and New Zealand also ended the day.

However, the Shanghai Composite Index went up by 0.8 percent to 2,562.58, with some investors expect negative headlines when China releases its inflation data Friday, "said Castor Pang, Director of Research at Cinda International in Hong Kong. Numbers are likely to show up 3 percent in consumer prices, and traders are worried that Beijing may, by clamping the other to respond to credit.

"China's stock market is not on stage very well, although export of data is excellent," said Pang. "Investors are still cautious."