Stock market today: European shares gain and Asian shares are mixed, with Chinese markets on holiday
Shares are higher in Europe after a mixed day of sparse trading in Asia, where many markets were closed for public holidays
BANGKOK — Shares advanced in Europe on Friday after a day of mixed and sparse trading in Asia, where many markets were closed for public holidays.
Oil prices edged higher and U.S. futures advanced.
Crude oil prices are hovering near their highest levels this year, adding to the inflationary pressures that are a factor behind the Federal Reserve’s intention to keep interest rates high. The likelihood of a U.S. federal government shutdown is also clouding the outlook for the U.S. economy.
Germany's DAX rose 0.8% to 15,438.45 and the CAC 40 in Paris also added 0.8% to 7,176.34. London's FTSE 100 was up 0.7% at 7,655.90.
The futures for the S&P 500 and the Dow Jones Industrial Average were both less than 0.5% higher. On Thursday, Wall Street’s benchmarks ticked higher, trimming its sharp loss for September. The S&P 500 rose 0.6% and the Dow gained 0.3%. The Nasdaq composite climbed 0.8%.
In Asian trading Friday, Tokyo's Nikkei 225 index lost 0.1% to 31,857.62. Australia's S&P/ASX 200 added 0.3% to 7,048.60. India's Sensex gained 0.9%, while in Bangkok the SET declined 0.1%.
Markets were closed in Hong Kong, Shanghai, Taiwan and Seoul.
China Evergrande, the world’s most heavily indebted real estate developer, said in a notice to the Hong Kong Stock Exchange that its shares would remain suspended until further notice after they plunged nearly 20% on Wednesday and were suspended from trading as of Thursday.
Evergrande is at the center of a property market crisis that is dragging on China’s economic growth.
U.S. stocks are on track for their worst month of the year as Wall Street grapples with a new
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