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World Shares Advance After Modest Gains on Wall Street

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World Shares Advance After Modest Gains on Wall Street


Shares advanced in Europe and Asia on Friday after Wall Street benchmarks managed to close mostly higher. The latest round of mostly solid corporate earnings is winding down after helping markets rise for weeks, reaching a series of records. However, inflation concerns are rattling investors. Germany’s DAX gained 0.1 percent to 16,108.70, while the CAC 40 in Paris advanced 0.8 percent to 7,088.29. In London, the FTSE 100 shed 0.3 percent to 7,365.97. The future for the Dow Jones Industrial Average and S&P 500 both were trading 0.1 percent higher. In China, a major Communist Party meeting ended this week, as expected, with a resolution setting the stage for leader Xi Jinping to remain top leader for life. Although the Chinese economy has been slowing after bouncing back from a pandemic downturn, the record $139.1 billion spent by shoppers during the country’s annual Nov. 11 Singles’ Day shopping extravaganza suggested …

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