A man looks at the the Dow Jones Industrial Average, far left, and an exchange rate, center, of the Japanese yen against the U.S. dollar as he walks by monitors also showing Japan's Nikkei 225 index, right, at a securities firm today in Tokyo. (AP Photo/Hiro Komae)

BANGKOK (AP) — Shares were higher in Europe and Asia ahead of an update today on U.S. wholesale prices that will provide insights into how businesses are coping with inflation.

Germany’s DAX added 0.2 percent 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.

The future for the S&P 500 was up 0.2 percent while that for the Dow Jones Industrial Average edged 0.1 percent higher.

Chinese benchmarks rose today on reports the government is planning new measures to support the ailing property sector, which has been a severe drag on growth over the past several years.

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.

Trading in Hong Kong of Sunac’s shares was suspended as of April 1. But other major property developers’ stocks jumped. Country Garden Holdings was up 8.5 percent and China Vanke’s shares jumped 5.6 percent.

Hong Kong’s Hang Seng gained 2.3 percent to 19,900.87 while the Shanghai Composite index added 0.3 percent to 3,206.95.

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.

While outside experts had increasingly criticized China’s containment policy, which sought to isolate every case, as unsustainable, they have also warned that the country will now face a challenging first wave, as the loosened measures will no doubt fuel an increase of cases.

“Asian stocks are a bit higher, but full-out exuberance has been tempered by rising COVID cases and skepticism of the force of reopening economic tailwind that the current level of Asian risk assets implies,” Stephen Innes of SPI Asset Management said in a commentary.

Tokyo’s Nikkei 225 index gained 1.2 percent to 27,901.01 and the Kospi in Seoul rose 0.8 percent to 2,389.04. Australia’s S&P/ASX 200 picked up 0.5 percent to 7,213.20.

On Thursday, the S&P 500 rose 0.8 percent, while the tech-heavy Nasdaq composite closed 1.1 percent higher. The Dow Jones Industrial Average added 0.5 percent and the Russell 2000 index of small caps added 0.6 percent.

Major indexes are all in the red for the week and have been swinging between big monthly gains and losses throughout the year. Investors’ worries about inflation, rising interest rates and recession risks have made for a volatile market. That has also left Wall Street focused on data points on the economy, especially those regarding inflation.

Activision Blizzard lost 1.5 percent 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 percent.

On Thursday, the U.S. reported slightly more Americans filed for jobless claims last week, but not as many as economists had forecast. The labor market remains one of the strongest pockets of the economy, which has been stifled under the weight of stubbornly hot inflation and rising interest rates.

Apart from the wholesale price update this morning, the University of Michigan will release its consumer sentiment survey for December.

Resilient consumer spending, which is partly tied to strong employment, has made the fight against inflation more difficult, raising the risks the Federal Reserve will go too far in raising interest rates. At the same time, it has been keeping the economy strong enough to avoid recession.

The Fed will meet next week and is expected to raise its benchmark interest rate — which now sits at 3.75 percent to 4 percent, the highest in 15 years — by a half-percentage point.

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In other trading, U.S. benchmark crude oil gained 94 cents to $72.40 per barrel in electronic trading on the New York Mercantile Exchange. It settled 0.8 percent lower at $71.46 per barrel on Thursday.

Brent crude added 87 cents to $77.02 per barrel.

The U.S. dollar slipped to 136.17 Japanese yen from 136.69 yen. The euro rose to $1.0564 from $1.0556.