World shares were mostly lower Thursday after a mixed session on Wall Street, where losses by technology and industrial companies offset other gains. Benchmarks fell in Tokyo and Hong Kong but were flat in Paris and London. Shanghai advanced after reopening following the Lunar New Year holiday. Optimism that rollouts of coronavirus vaccines will set the stage for stronger economic growth in the second half of this year has been pushing shares higher. But expectations of a post-pandemic recovery also have resurrected concerns over inflation that could prompt governments and central banks to pull back on stimulus. Germany's DAX rose 0.2% to 13,934.02 and the CAC40 in Paris was virtually unchanged at 5,765.36. Britain's FTSE was also almost unchanged, at 6,712.47. US futures fell, with the contract for the S&P 500 down 0.3% and that for the Dow industrials 0.1% lower. In Asian trading, the Shanghai Composite index gained 0.6% to 3,675.36 and the S&P/ASX 200 was flat, at 6,885.90.
Recovery hopes in Britain sent sterling to 2-1/2 year highs, just short of $1.40 against the dollar
Global shares ticked up on Monday as a source said US President Donald Trump signed into law a $2.3 trillion pandemic aid and spending package he had until now refused to sign
The tariffs, reportedly targeting Chinese tech, electronics and telecoms, were revealed by sources hours after Trump abruptly fired Secretary of State Rex Tillerson
As euro zone bond yields rallied, euro surged to as high as $1.1435
Sterling rose more than 1% versus the dollar and euro after Theresa May offered lawmakers some scrutiny of the process of leaving the EU
Risk sentiment had benefited on Friday from reports that Deutsche Bank was negotiating a much smaller fine with the US DoJ
The dollar index, which tracks the currency against six major peers, slipped 0.14 per cent to 94.721