image: AP Photo/Koji Sasahara

Global shares rise despite escalating US-China trade row

July 9, 2018

Via: ABC News

Global shares were mostly higher Monday after a weekend of relative quiet in the escalating trade standoff between the U.S. and China. Investors appear optimistic about the outlook for the global economy despite punitive tariffs imposed by Washington and Beijing on each other’s exports.

KEEPING SCORE: France’s CAC 40 edged up 0.6 percent in early trading to 5,409.31, while Germany’s DAX added 0.3 percent to 12,531.46. Britain’s FTSE 100 was also higher at 7,647.18, up 0.4 percent. U.S. shares were also set for gains, with Dow futures up 0.5 percent to 24,588. S&P 500 futures rose 0.4 percent to 2,773.40.

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