World shares are mostly higher, tracking Wall Street’s fresh records, and oil prices fall
Summary
Global stock markets mostly rose following new record highs on Wall Street, driven by strong gains in technology and chip-related companies. Oil prices dropped as investors showed less concern about geopolitical tensions after U.S. President Donald Trump said talks with Iran on ending the war were progressing.Key Facts
- European markets mostly rose: Germany’s DAX gained 0.7%, France’s CAC 40 rose 0.5%, while Britain’s FTSE 100 slightly dropped 0.1%.
- U.S. futures indicated small gains for the S&P 500 and Dow Jones Industrial Average.
- Technology stocks, especially chipmakers like Micron Technology, saw heavy buying; Micron’s shares jumped 19.3%.
- Analysts at UBS raised Micron’s 12-month price target from $535 to $1,625.
- Asian markets showed mixed results: South Korea’s Kospi and Taiwan’s Taiex reached record highs, while Hong Kong and Shanghai indexes fell.
- Japan’s Nikkei 225 rose then closed nearly unchanged after an initial boost from tech shares.
- Oil prices fell as investors became less worried about geopolitical risks following President Trump’s comments on Iran talks.
- U.S. stock gains followed a holiday break and were part of a broader global rally linked to optimism about economic and political developments.
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