World shares advanced Thursday ahead of the release of U.S. Economic growth data and following a speech by President Joe Biden outlining ambitious plans for beefing up early education and other family oriented policies.
London's FTSE 100 jumped 0.7 per cent to 7,013.40. In Paris, the CAC40 climbed 0.6per cent to 6,344.17.
Germany's DAX slipped 0.2per cent to 15,262.39 as a report showed weakening consumer confidence. The future for the Dow industrials rose 0.4per cent and that for the S&P 500 surged 0.6%.
U.S. Growth in the January-March quarter could top 5per cent and accelerate even more to 10per cent or even more in the current April-June quarter as pent-up demand fuels spending.
In his speech Wednesday evening, the president ticked off details of some of his plan for USD1.8 trillion in spending to expand preschool, create a national family and medical leave program, distribute child care subsidies and more.
The plan comes on top of his proposal for USD2.3 trillion in spending to rebuild roads and bridges, expand broadband access and launch other infrastructure projects.
