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Stock market today: World shares are mostly higher after rebound on Wall St

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The overall U.S. economy has been showing continued strength for spending by U.S. households, leading to a Wall Street bump before the weekend.European shares saw modest gains after the opening while Asian benchmarks gained upward momentum as the day wore on.

The future for the S&P 500 slipped less than 0.1% and that for the Dow Jones Industrial Average fell just over 0.1%.Australia's S&P/ASX 200 surged 0.8% to 2,788.30 and the Shanghai Composite index gained 0.8% to 3,124.24 as the government reported corporate profits rose 4.3% year-on-year in January-April.In Taiwan and South Korea, heavy buying of computer chip-related shares pushed benchmarks higher. The Taiex ended 1.1% higher after touching a fresh record.

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