Stock market today: World markets mostly higher; Turkiye, Thailand slip after elections
CTV
World shares were mostly higher Monday after a weak start in Asia, while benchmarks fell in Turkiye and Thailand following weekend election upsets for their ruling parties.
World shares were mostly higher Monday after a weak start in Asia, while benchmarks fell in Turkiye and Thailand following weekend election upsets for their ruling parties.
Oil prices recovered from initial losses and U.S. futures were higher.
The Borsa Istanbul 100 index was down 4.2% after dropping as much as 6% early Monday.
Turkiye's presidential elections appeared to be heading toward a second-round runoff. President Recep Tayyip Erdogan, who has ruled the country with a firm grip for 20 years, was leading over his chief challenger, but falling short of the votes needed for an outright win.
Shares in Thailand fell 0.9% after the country's main opposition parties easily bested other contenders in an election result that fulfilled many voters' hopes in a chance for change after nine years under a former coup-leading general.
Elsewhere, Germany's DAX added 0.2% to 15,945.24 and the CAC 40 in Paris gained 0.5% to 7,451.20. Britain's FTSE 100 was up 0.3% at 7,775.47.
On Wall Street, the future for the S&P 500 rose 0.4% and that for the Dow industrials was 0.3% higher. On Friday, the S&P 500 lost 0.2% while the Dow ended barely lower. The Nasdaq gave up 0.4%.
