Global shares mostly rose Monday, continuing a period of increased volatility, as traders awaited cues from the US central bank later in the week.
US shares appeared set for gains with Dow futures up 1 per cent and S&P 500 futures up 1.3 per cent before the market open.
France’s CAC 40 gained 0.2 per cent to 5,041, while Germany’s DAX dropped 0.1 per cent to 13,189. Britain’s FTSE 100 edged down 0.2 per cent to 6,023.
Shares in SoftBank, which announced Sunday that it was selling Britain’s Arm Holdings to computer graphics chip company Nvidia for USD 40 billion, jumped 9 per cent.
SoftBank spent USD 32 billion to acquire Arm in 2016.
Nvidia is best known for its graphics processing chips, while Arm is renowned as an innovator in the “Internet of Things.” Japan’s Nikkei 225 gained 0.7 per cent to finish at 23,559.30 after Japan’s ruling Liberal Democratic Party picked a new leader, who will by definition become the prime minister because of the party’s control over the more powerful lower house of Parliament.