Global shares mostly rise, cheered by US stocks setting more records

TOKYO AP Global shares mostly rose Tuesday taking their cue from a seemingly relentless rally that s continuing on Wall Street France s CAC gained in early trading to The German DAX edged up to Britain s FTSE rose to U S shares were set to drift higher with Dow futures up nearly at S P futures were little changed at Tokyo trading was closed for a national holiday Elsewhere in Asia Australia s S P ASX climbed to South Korea s Kospi added to Shares declined in China Hong Kong s Hang Seng slipped to as investors continued to watch ongoing talks about U S tariffs The Shanghai Composite dropped to Sphere attention remains on upcoming moves from global central banks especially the Federal Reserve Stocks have surged since April on hopes that President Donald Trump s tariffs won t derail global deal and that the Fed will deliver several cuts to interest rates to boost the economic activity Remarks from Fed Chairman Jerome Powell in a speech later in the day will also be in focus The Fed made its first cut of the year last week and functionaries indicated more could arrive through the end of this year and into next An update on Friday will show how much prices are rising for U S households A busier facts docket awaits nowadays though in truth it will be remarks this evening from Fed Chair Powell that steal the limelight in which Powell will hopefully clear up particular of the confusion around having framed last week s cut as a jeopardy management move noted Michael Brown senior research strategist at Pepperstone In strength trading benchmark U S crude lost cents to a barrel Brent crude the international standard fell cents to a barrel In currency trading the U S dollar rose to Japanese yen from yen The euro cost down from Yuri Kageyama is on Threads https www threads com yurikageyama Source