World stocks gain after Wall Street has best day in 6 weeks

People wearing protective masks stand near an electronic stock board showing Japan's Nikkei 225 index at a securities firm Monday, March 6, 2023, in Tokyo. Shares advanced Monday in Asia after strong data on the U.S. economy sent Wall Street to its best close in six weeks. – Shares were mostly higher Monday in Europe and Asia after strong data on the U.S. economy sent Wall Street to its best close in six weeks.

In Asian trading Monday, Hong Kong's Hang Seng index rose 0.2% to 20,603.19 and the Shanghai Composite index lost 0.2% to 3,322.03.growth target at “around 5% “The slower-than-expected GDP growth target set by the government of around 5% matches our GDP forecast of 5% for this year,” ING said in a commentary. “The government realizes that a weakening external market would impose challenges to China’s export-related industries.”

The next move by the Fed on interest rates is scheduled for later this month. Before then, reports on the strength of the job market and on inflation will likely have big impacts on the market and expectations for what the Fed will do.

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