World shares climb as tech shares drive Wall St to new records
Markets have largely shrugged off the shutdown of the US government after Democrat and Republican lawmakers failed to reach an agreement on funding
World shares climb as tech shares drive Wall St to new records
Manila: World shares mostly climbed on Friday after US stocks rose to more records on heavy buying of technology shares. The futures for the S&P 500 and the Dow Jones Industrial Average both added more than 0.2 per cent.
Markets have largely shrugged off the shutdown of the US government after Democrat and Republican lawmakers failed to reach an agreement on funding.
US President Donald Trump and congressional leaders were not expected to meet again soon, and the Democrats have held fast to their demands to preserve health care funding, warning of price spikes for millions of Americans nationwide.
In early European trading, Germany’s DAX edged up 0.1 per cent to 24,451.76. Britain’s FTSE 100 rose more than 0.5 per cent to 9,478.57.
In Paris, the CAC 40 advanced 0.3 per cent to 8,080.91. In Asia, Japan’s Nikkei 225 closed nearly 1.9 per cent higher at 45,769.50 as tech stocks gained despite data showing Japan’s unemployment rate rose 2.6 per cent in August, the highest in 13 months and above the expected 2.4 per cent.
