A Look At Economic Developments Around The Globe

The Associated Press

A look at economic developments and stock market activity around the world Wednesday:

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LONDON — European stock markets trimmed earlier gains and Wall Street slipped after U.S. government data showed the country's exports fell to a near three-year low in April. The FTSE 100 index of leading British shares closed up 0.7 percent at 4,436.75 with heavyweight mining and oil companies leading the march higher amid higher commodity prices. Germany's DAX rose 1.1 percent to 5,051.18 with sportswear group Adidas AG up over 7 percent following a recommendation upgrade from analysts at HSBC. France's CAC-40 was up 0.6 percent at 3,315.27. Europe's main markets had been up around 2 percent earlier in the day but a subdued opening on Wall Street prompted some investors to book profits. ...