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Shares were mostly higher Monday in Europe and Asia after strong data on the U.S. economy sent Wall Street to its best close in six weeks. Germany's DAX gained 0.4% to 15,644.08 and the CAC 40 in Paris was up 0.7% at 7,397.31. London's FTSE 100 edged 0.1% lower to 7,941.38. The future for the S&P 500 gained 0.2% while that for the Dow Jones Industrial Average was up 0.2%. On Friday, the S&P 500 rose 1.6% to cap its first winning week in the last four as easing yields in the bond market relieved pressure on Wall Street. It's found some stability following a swift rise and fall to start the year. The Dow industrials climbed 1.2%, while the Nasdaq composite jumped 2%. In Asian trading Monday, Hong Kong's Hang Seng index rose 0.2% to 20,603.19 and the Shanghai Composite index lost 0.2% to 3,322.03. At the annual session of China's rubberstamp legislature, the government set this year's economic growth target at around 5% as it tries to rebuild business activity following the end .
Shares were higher Monday in Europe and in Asia, where most markets were closed for the Lunar New Year holiday. Germany's DAX edged 0.1 per cent higher, to 15,058.49 while the CAC 40 in Paris also gained 0.1 per cent to 7,002.30. Britain's FTSE 100 added 0.2 per cent to 7,786.30. The future for the S&P 500 lost less than 0.1 per cent while the future for the Dow industrials was unchanged. In Asia, Tokyo's Nikkei 225 index added 1.3 per cent to 26,906.04 as investors shrugged off Finance Minister Shunichi Suzuki's comments that Japan is facing an unprecedentedly severe" financial situation after spending heavily to counter the pandemic and other troubles. Finances are the cornerstone of a country's trust," Suzuki told lawmakers in parliament. We must secure fiscal space under normal circumstances to safeguard trust in Japan and people's livelihoods in times of crisis." Japan's national debt, already more than twice its gross domestic product, has grown further as the government has
Shares fell in Asia on Wednesday with Hong Kong's benchmark down more than 2% even as Beijing announced it was drastically scaling back its zero-COVID" policies, shifting away from trying to isolate every single case. The Hang Seng index in Hong Kong fell 2.5% to 18,949.24 and the Shanghai Composite index was down 0.4% at 3,199.62. The National Health Commission's announcement ended a requirement for COVID-19 tests and a clean bill of health to be displayed on a smartphone app in most places, apart from vulnerable areas such as nurseries, elderly care facilities and schools. It also limited the scale of lockdowns to individual apartment floors and buildings, rather than entire districts and neighbourhoods. Experts say it might be at least mid-2023 before controls that disrupt travel, trade and industry can be lifted completely, but world markets have gyrated on speculation that major changes might be coming, helping return the world economy to a post-pandemic normal." Tokyo's Nikke