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Sunday, April 28, 2024

Stock market today: World shares are mostly higher after strong data lift Wall St benchmarks

BANGKOKShares were mixed Friday in Asia after after strong data lifted benchmarks on Wall Street, while China reported slower factory activity in June due to weaker consumer spending and export demand.

U.S. futures were little changed and oil prices ticked higher.

Adding to signs that an economic rebound following the end of anti-virus controls is cooling, an official survey showed China’s factory activity contracted for another month in June as export orders decreased.

Germany’s DAX gained 0.3% to 15,997.34 and the CAC 40 in Paris climbed 0.5% to 7,347.98. Britain’s FTSE 100 rose 0.2% to 7,485.72. The future for the Dow Jones Industrial Average slipped 0.1% while that for the S&P 500 gained less than 0.1%.

China’s economy revived following the end in December of pandemic controls on travel and business activity. But that revival has faded due to lackluster consumer spending at…

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