BANGKOK (AP) — Shares climbed in Europe and Asia on Monday, tracking last week’s gains on Wall Street, and analysts said investors were viewing President-elect Donald Trump’s choice of billionaire investor Scott Bessent as his nominee for Treasury secretary as a relatively market-friendly choice.
Bitcoin fell slightly and oil prices also declined, while U.S. futures advanced.
Germany’s DAX surged 0.7% to 19,461.11 and the CAC 40 in Paris jumped 0.9% to 7,322.70. Britain’s FTSE 100 was up 0.4% at 8,291.83.
The future for the S&P 500 was 0.4% higher while that for the Dow Jones Industrial Average gained 0.6%.
In Asian trading, Tokyo’s Nikkei 225 index gained 1.3% to 38,780.14 while the Kospi in Seoul rose 1.3% to 2,534.34. In Australia, the S&P/ASX 200 picked up 0.3% to 8,417.60.
In China, shares fell further, with the Shanghai Composite index edging 0.1% lower, to 3,263.76 and the Hang Seng in Hong Kong falling 0.4% to 19,150.99. ... More