Global Shares After S&P Sets New Record

Shares were mostly higher in Europe on Friday, Oct. 22, 2021, after a mixed session in Asia. Benchmarks rose in Paris, London, Tokyo, and Hong Kong. Shares fell in Shanghai and Seoul, Elaine Kurtenbach reported for the Associated Press (AP).

Photo Insert: The Paris Stock Exchange

Germany’s DAX gained 0.4% to 15,535.16. In Paris, the CAC 40 jumped 1.1% to 6,759.46, while Britain’s FTSE 100 added 0.4% to 7,220.57. The future for the S&P 500 was nearly unchanged while the future for the Dow industrials gained less than 0.1%.

On Thursday, the S&P 500 rose 0.3% to 4,549.78, its seventh straight gain. That eclipsed the record high it set on Sept. 2. It is on pace for its third straight weekly gain.

The Dow slipped less than 0.1%, to 35,603.08. It is just below its all-time high set on Aug. 16. The Nasdaq gained 0.6% to 15,215.70, while the Russell 2000 rose 0.3%, to 2,296.18.

In Asian trading on Friday, the Hang Seng in Hong Kong climbed 0.4% to 26,126.93 and the Shanghai Composite index lost 0.3% to 3,582.60. Tokyo’s Nikkei 225 added 0.3% to 28,804.85, while the Kospi in Seoul lost less than 0.1% to 3,006.16. Australia’s S&P/ASX 200 was flat at 7,415.50.

The yield on the 10-year Treasury was steady at 1.69%. In other trading on Friday, US benchmark crude oil rose 30 cents to $82.80 per barrel in electronic trading on the New York Mercantile Exchange.

It gave up 92 cents to $82.50 per barrel on Thursday. Brent crude, used as a standard for global pricing, picked up 30 cents to $84.91 per barrel. The US dollar slipped to 113.98 Japanese yen from 113.99 yen late Thursday. The euro advanced to $1.1639 from $1.1624.

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