World shares track Wall St gains as gold edges lower
World shares track Wall St gains as gold edges lower
World shares were mostly higher Tuesday after US stock indexes ticked upward, buoyed by strong profit reports for some companies. In Germany, the DAX slipped 0.2 per cent to 24,892.75, while the CAC 40 in Paris was unchanged at 8,129.45. Britain’s FTSE 100 picked up 0.2 per cent to 10,171.02. The future for the S&P 500 gained 0.2 per cent while that for the Dow Jones Industrial Average was 0.1 per cent lower.
In Asian trading, Tokyo’s Nikkei 225 rose 0.9 per cent to 53,333.54. India’s Sensex edged higher after Prime Minister Narendra Modi said the country had reached agreement on a free trade deal with the European Union. The accord, which touches a whopping 2 billion people, was concluded after nearly two decades of negotiations.
It’s one of the biggest bilateral engagements on commerce. The timing comes as Washington targets both India and the EU with steep import tariffs.
The Kospi in South Korea surged 2.7 per cent to 5,084.85, even after US President Donald Trump said he would raise tariffs on South Korean goods because the country’s national assembly has yet to approve a trade framework announced last year.
