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

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.

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Premarket: European stocks rise as traders wait for U.S. inflation dataHopes for Fed rate cuts grow
Source: globebusiness - 🏆 31. / 66 Read more »

Premarket: European shares lower on earnings, bonds boosted after FedInvestors prepare for Bank of England rate verdict
Source: globeandmail - 🏆 5. / 92 Read more »

Premarket: Global stocks near all-time peaks as Nvidia earnings loomInvestors proceed with caution ahead of chip maker’s quarterly report
Source: globeandmail - 🏆 5. / 92 Read more »

Premarket: Global stocks pause, U.S. dollar languishes ahead of Fed update on ratesInvestors are hoping for clearer clues from U.S. central bank on Friday
Source: globeandmail - 🏆 5. / 92 Read more »