World Shares Mostly Up on Stalled Talks04/27 04:46

   World shares mostly gained and the price of Brent crude oil jumped $2.50 a 
barrel early Monday as talks on ending the war with Iran stayed snagged.

   (AP) -- World shares mostly gained and the price of Brent crude oil jumped 
$2.50 a barrel early Monday as talks on ending the war with Iran stayed snagged.

   Tokyo's Nikkei 225 index hit a fresh record Monday after U.S. stocks ended 
last week with new highs.

   Two Middle Eastern officials said Iran was offering to end its chokehold 
over the Strait of Hormuz without addressing its nuclear program, while 
requesting that the U.S. end its blockade of Iran. President Donald Trump is 
unlikely to support the proposal, which was conveyed to the U.S. through 
Pakistan, as he wants Iran's nuclear program closed down as part of a broader 
deal to end the war.

   Disruptions to shipping through the strait have pushed oil prices sharply 
higher since the war began.

   The price for a barrel of Brent crude, to be delivered in July, rose $2.46 
to $101.59. U.S. benchmark crude oil added $2.20 to $96.60.

   This week will bring decisions on interest rates by top central banks, 
including the Federal Reserve, the European Central Bank, the Bank of Japan and 
the Bank of England.

   In early European trading, Germany's DAX picked up 0.3% to 24,193.27, while 
the CAC 40 in Paris edged 0.1% higher, to 8,165.07. Britain's FTSE 100 lost 
0.1% to 10,374.51.

   The future for the S&P 500 lost 0.1% while that for the Dow Jones Industrial 
Average shed 0.2%.

   In Asian trading, Tokyo's Nikkei 225 surged 1.4% to 60,537.36 after touching 
a new intraday high of 60,903.95. The Kospi in South Korea jumped 2% to 
6,615.03.

   Hong Kong's Hang Seng index shed 0.1% to 25,964.27 and the Shanghai 
Composite index gained 0.2% to 4,086.34.

   Australia's S&P/ASX 200 slipped 0.2% to 8,766.40.

   Taiwan's Taiex rallied 1.8%, helped by a revival of buying of tech shares 
driven by the boom in artificial intelligence. India's Sensex added 0.8%.

   On Friday, the S&P 500 climbed 0.8% and topped its prior all-time high, 
which was set on Wednesday. It closed at 7,165.08.

   The Dow Jones Industrial Average dipped 0.2% to 49,230.71, while the Nasdaq 
composite rallied 1.6% to its own record thanks to strong gains for the tech 
sector, closing at 24,836.60.

   A survey by the University of Michigan found consumer sentiment soured in 
April across political party, income, age, and education, though it improved a 
bit after the ceasefire in the war with Iran was announced earlier in the month.

   The S&P 500 has leaped nearly 13% in a little under a month. Hopes have also 
built in financial markets that the United States and Iran can find a way to 
avoid a worst-case scenario for the global economy because of their war.

   A tenuous ceasefire remains, but tensions between the U.S. and Iran are 
keeping oil tankers from passing through the Strait of Hormuz to deliver crude 
from the Persian Gulf to customers worldwide.

   In Wall Street trading Friday, Intel roared past its peak in 2000 during the 
dot-com boom to an all-time high. It soared 23.6% for its best day since 1987 
after reporting much stronger results for the first three months of the year 
than analysts expected. CEO Lip-Bu Tan said the next wave of 
artificial-intelligence technology is increasing the need for Intel's chips and 
products, and the company's forecast for profit in the spring topped analysts' 
estimates.

   In other dealings early Monday, the dollar fell to 159.24 Japanese yen from 
159.59. The euro climbed to $1.1741 from $1.1701.