Global shares push higher on stimulus moves, US jobs data
Global shares advanced Monday in Europe and Asia after President Donald Trump issued executive orders to provide tax relief and stopgap unemployment benefits for Americans hit by the fallout from the coronavirus pandemic.
- Germany’s DAX was flat at 12,673.25 while the CAC 40 in France added 0.5% to 4,911.65.
- Britain’s FTSE 100 picked up 0.3% to 6,050.82.
- The future for the S&P 500 was flat, at 3,345.80 while the future contract for the Dow industrials gained 0.2% to 27,389.00.
- The Hang Seng index dropped 0.6% to 24,377.43.
- Elsewhere in Asia, South Korea’s Kospi jumped 1.5% to 2,386.38 and the S&P/ASX 200 in Australia surged 1.8% to 6,110.20.
- The Shanghai Composite index advanced 0.8% to 3,379.25.
- The U.S. dollar rose to 105.96 Japanese yen from 105.92 yen.
- The euro slipped to $1.1772 from $1.1789.
- In other trading Monday, U.S. benchmark crude oil gained 62 cents to $41.84 per barrel. On Friday, it gave up 73 cents to $41.22 per barrel..
- Brent crude, the international standard for pricing, added 47 cents to $44.87 per barrel.