Global stocks rise as investors look to economic data

Indexes in London and Frankfurt rose after Shanghai led a market rally in Asia earlier. Wall Street futures also rose.

On Wall Street, the future for the benchmark S&P 500 index was up 1.1% and that for the Dow Jones Industrial Average advanced 1.3%. In Asia, the Shanghai Composite Index rose 5.7% to 3,332.88 and the Nikkei 225 in Tokyo gained 1.8% to 22,714.44. The Hang Seng in Hong Kong added 3.8% to 26,339.16. Markets also are watching an election in Singapore and possible unrest in Hong Kong over a security law.

The picture implies otherwise.

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