Global shares mostly rise as market players weigh data mix

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Global shares were mostly higher Monday as the week started with a mix of economic data for the region and the U.S.

France's CAC 40 fell less than 0.1% in early trading to 5,602.25, while Germany's DAX gained 0.2% to 12,218.62. Britain's FTSE 100 rose 0.4% to 7,311.75. U.S. shares were set to drift higher with Dow futures up 0.2% at 26,858. S&P 500 futures were also up 0.2% at 2,986.70.

That was slightly lower than the earlier estimate for 1.8% growth. The data showed that private demand had grown at a slower rate but government investment had risen higher than the earlier estimate. Both sides have raised tariffs on billions of dollars of each other's imports in the fight over complaints about Beijing's trade surplus and technology development plans. The United States, Europe, Japan and other trading partners say those violate Chinese market-opening commitments.

Traders had a muted reaction to new data showing that U.S. employers added fewer jobs than expected in August. The report also indicated more people entered the workforce last month, wages rose more than expected and the unemployment rate remained near the lowest level in five decades.

 

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