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World shares extend gains in thin pre-Christmas trading

World shares extend gains in thin pre-Christmas trading

ABC News
Thursday, December 23, 2021 08:51:33 AM UTC

World shares are higher after stocks advanced on Wall Street, buoyed by encouraging reports about the potential impact of the omicron variant of coronavirus

BANGKOK -- World shares were higher Thursday after stocks advanced on Wall Street, lifted by encouraging reports about the potential impact of the omicron variant of coronavirus and stronger U.S. economic data.

Major indexes are on track for a Christmas week gains, with trading thinning as the holidays approach. Many world markets will be closed Friday in observance of Christmas.

Germany's DAX rose 0.2% in early trading to 15,629.92 and the CAC 40 in Paris edged 0.1% higher to 7,058.21. Britain's FTSE 100 edged down 0.1% to 7,331.40. U.S. futures advanced, with contracts for both the S&P 500 and the Dow industrials up 0.1%.

The latest surge in coronavirus cases because of the omicron variant has been hanging over markets, along with concerns about rising inflation and its impact on economic growth.

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