World shares mostly gain after Wall Street hits three-month highs ...Middle East

Economy by : (Business Standard) -
World shares were mixed Thursday after Wall Street benchmarks closed at three-month highs as investors cheered a report showing inflation cooled more than expected in July. U.S. futures edged higher and oil prices also advanced. The U.S. government said Wednesday that consumer inflation jumped 8.5% in July from a year earlier. But that was down from June's four-decade high of 9.1%. Germany's DAX edged 0.2% lower, to 13,674.98, while in Paris the CAC 40 added 0.1% to 6,531.38. Britain's FTSE 100 slipped 0.1% to 7,498.34. The futures for the S&P 500 and the Dow Jones Industrial Average were 0.2% higher. On Wednesday, the S&P 500 surged 2.1% on expectations that slower inflation will mean the F

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