Wall Street pushes higher as FTSE 100 finishes with gains
Wall Street and FTSE 100 were both higher on China optimism. Photo: APThe FTSE 100 and European stocks finished higher on Monday, amid optimism around China's reopening and hopes that the US economy…
The FTSE 100 and European stocks finished higher on Monday, amid optimism around China's reopening and hopes that the US economy can avoid a hard landing. In Germany, the DAX (^GDAXI) rose 1.46% to 14,823. Mining companies Antofagasta (ANTO.L) and Glencore (GLEN.L) gained over 3%. The S&P 500 (^GSPC) advanced 1.39% to 3,949 points and the tech-heavy NASDAQ (^IXIC) jumped 2.18% to 10,799. Meanwhile, the International Monetary Fund (IMF) warned that a third of the global economy could be in recession in 2023." The Shanghai Composite (000001.SS) climbed 0.58% to 3,176 points.