World shares were mostly higher Monday after a strong close on Wall Street last week, though the latest manufacturing surveys showed weakening factory activity in Asia's two biggest economies: China and Japan.
Germany's DAX gained 0.3% to 13,522,83 while the CAC 40 in Paris added 0.4% to 6,473.00. Britain's FTSE 100 climbed 0.4% to 7,455.55.
Factory activity was depressed by weak global demand and anti-virus controls that are weighing on domestic consumer spending, according to the national statistics agency and an official industry group, the China Federation of Logistics & Purchasing. Shares in Chinese e-commerce firm Alibaba fell 3.8% in Hong Kong on Monday, helping pull the Hang Seng lower. The company announced it wants to keep its shares listed in both New York and Hong Kong, days after U.S. regulators included it in a list of companies that may be delisted for not complying with auditing requirements.Wall Street's latest rally came as investors weighed a mix of company earnings reports and new data showing inflation jumped by the most in four decades last month.
The central bank raised its key short-term interest rate by 0.75 percentage points on Wednesday, lifting it to the highest level since 2018. The Fed is raising rates in a bid to slow the U.S. economy and quell inflation.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Jean-Pierre: Biden Isn’t Finishing the Border Wall, We’re Cleaning Up Trump’s MessSo many twists and turns I think Karine Jean-Pierre left the briefing in the shape of a pretzel.
Read more »
Five things to watch for in the Canadian business world in the coming weekA new month means Canadian real estate boards will release fresh data at a time when the market is cooling as the slower summer season combines with higher…
Read more »
Review: Beyoncé escapes to dance world in 'Renaissance'Beyoncé has been reborn again; this time it’s on a shimmering dance floor.
Read more »
Five things to watch for in the Canadian business world in the coming weekTORONTO — Five things to watch for in the Canadian business world in the coming week:
Read more »
Freed: Finally, an issue to unite our fractured world — unnecessary tippingSo many of you responded in agreement with last week’s column, it seems tipping frustration is now the single issue bringing together all Canadians.
Read more »
Vancouver Island paddle club secures 13 medals at world championship eventA Vancouver Island paddling club has brought home more than a dozen medals from a world championship event down in Florida.
Read more »