Friday, October 15, 2021

World shares gain after technology-powered rally on Wall Street

Shares were mostly higher in Europe and Asia on Friday after technology companies powered the biggest rally on Wall Street since March. Investors have been encouraged by strong earnings reports, as every S&P 500 company that has reported earnings this week has beaten forecasts. Overall, it is safe to say that the U.S. equity market is fully in a risk-on mode and traders aren't afraid in backing riskier assets," Naeem Aslam of Avatrade said in a commentary. Inflation remains a key concern, and Friday will bring an update on how higher prices may be affecting consumer spending when the Commerce Department releases retail sales for September. Germany's DAX edged 0.2% higher to 15,493.34 and the CAC 40 in Paris climbed 0.4% to 6,712.55. Britain's FTSE 100 added 0.2% to 7,224.41. The future for the S&P 500 was 0.3% higher while the contract for the Dow industrials gained 0.4%. In Asian trading, Tokyo's Nikkei 225 added 1.8% to to 29,068.63 and the Hang Seng climbed 1.5% to ...

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