Stock market today: Global shares trade higher after Wall Street rally takes S&P 500 near record
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Global shares are trading higher after a rally on Wall Street that pulled the S&P 500 back within 1% of its record. In London, the FTSE 100 rose 0.8% to 8,448.34 as the British economy bounced back strongly in the first three months of the year, ending a 'technical recession.' France's CAC 40 gained 0.8% to 8,253.19, while Germany's DAX added 0.8% to 18,830.43. Japan’s benchmark Nikkei 225 rose 0.4% to finish at 38,229.11. Hong Kong's Hang Seng jumped 2.3% to 18,963.68. Chinese price data, expected Saturday, are being watched to see if the economy might be regaining momentum. On Thursday, the S&P 500 rose 0.5% and the Dow Jones Industrial Average gained 0.8%. Federal Reserve Chair Jerome Powell said last week that the central bank remains closer to cutting its main interest rate than hiking it. Benchmark U.S. crude rose 48 cents to $79.74 a barrel. The U.S. dollar rose to 155.71 Japanese yen from 155.50 yen. The euro inched up to $1.0786 from $1.0782.

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https://abcnews.go.com/Business/wireStory/stock-market-today-asian-shares-trade-higher-after-110097292