World Shares Climb As Wall St Inches Toward Records
Hopes are still high that Trump will reach trade deals with other countries that will ultimately lower tariffs, particularly with the world’s second-largest economy
World Shares Climb As Wall St Inches Toward Records
New York: Shares advanced on Wednesday in Europe and Asia after US stocks drifted closer to their records.
Germany’s DAX climbed 0.9 per cent to 24,309.65, while the CAC 40 in Paris picked up 0.7 per cent to 7,819.43. Britain’s FTSE 100 inched up 0.1 per cent to 8,798.65. The futures for the S&P 500 and the Dow Jones Industrial Average gained 0.2 per cent.
South Korea’s Kospi led gains in Asia, jumping 2.7 per cent to 2,770.84 after the liberal opposition candidate Lee Jae-myung was elected president. Lee’s victory caps months of political turmoil triggered by the stunning but brief imposition of martial law by the now-ousted conservative leader Yoon Suk Yeol. Top priorities will include government spending and trade negotiations with the United States.
