World shares advance as earnings drive modest Wall Street gains

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Shares were higher in Europe on Thursday after most Asian markets advanced following meagre gains on Wall Street driven by a mixed set of company earnings.

The FTSE 100 in London advanced 0.6% to 7,300.45 while Germany's DAX jumped 0.8% to 12,905.81. The CAC 40 in France picked up 0.6% to 5,689.42. Wall Street looked set for gains, with the future contract for the Dow Jones Industrial Average up 0.2% to 26,844.00. The future for the S&P 500 also rose 0.2% to 3,011.00.

"Brexit remains of great concern, and though few developments materialized last night, the market is maintaining confidence a deal will be coming," Stephen Innes of AxiTrader said in a report. While it's still early in this earnings season, traders are trying to gauge how much the U.S. trade war with China and a slowdown in global economic growth is hurting corporate America.

 

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