Global shares advanced Friday, tracking a rally on Wall Street following reports suggesting the economy and corporate profits may be doing better than feared.
France's CAC 40 gained 0.2% to 7,107.44. Germany's DAX was unchanged at 15,134.04, while Britain's FTSE 100 rose nearly 0.2% to 7,773.10. The future for the Dow Jones Industrial Average was 0.1% lower and that for the S&P 500 futures fell 0.3%.
But more swings may still be ahead, as investors digest a torrent of earnings and economic reports. Markets have veered up and down recently as worries about a severe recession and drop-off in profits battle against hopes the economy can manage a soft landing and the Federal Reserve may ease up on interest rates.
Japan's benchmark Nikkei 225 rose nearly 0.1% to finish at 27,382.56. Australia's S&P/ASX 200 added 0.3% to 7,493.80. South Korea's Kospi gained 0.6% to 2,484.18. Hong Kong's Hang Seng rose 0.5% to 22,688.90. India's Sensex fell 1.5% as the Adani Group was hit by heavy selling for a second trading session. Shares in seven Adani companies have plunged this week, wiping out billions of dollars in market value, after short-selling firm Hindenburg Research said it was betting against the conglomerate, which has holdings in energy, data transmission, construction and other major industries.
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