Premarket: Global shares trade higher on moderate optimism about tech companies and global economy

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Premarket: Global shares trade higher on moderate optimism about tech companies and global economy
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European stocks touch record intraday high

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Global shares mostly rose Friday as markets continued to be moderately optimistic about the prospects of technology companies and the relative health of global economies.

Industrial production rose 2.8% in July from the previous month, a rebound from minus 4.2% in June, according to Ministry of Economy, Trade and Industry. That was weaker than what the market had expected, but a sign of growth. In other findings, the unemployment rate rose to 2.7% in July, up from 2.5% in June.

The mostly solid U.S. earnings and economic growth updates are capping off a month of encouraging reports for the broader economy. Data from various reports in August have shown that retail sales, employment and consumer confidence remain strong.

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