Tango-Tiger

World shares rose Friday, powered by encouraging signs that the U.S. economic recovery from the pandemic is gaining momentum. U.S. futures also were higher.

President slotxo Joe Biden's proposal fo r a $ 6 trillion budget helped boost buying of shares likely to benefit from heavy government spending.

Germany's DAX added 0.4% to 15,472.06 and the CAC 40 in Paris also added 0.4%, to 6,462.47. In London, the FTSE 100 picked up 0.4% to 7,045.51. The future for the S&P 500 was up 0.3% and the future for the Dow industrials rose 0.5%.

Shares in Chinese online retail giant JD.com Inc.'s logistics arm rose 3.3% on their first trading day in Hong Kong after the company raised 24 billion Hong Kong dollars ($ 3.1 billion) by selling a portion of the unit to outside investors.

JD Logistics Inc. is the latest technology company to list in the semi-autonomous Chinese city as Beijing steps up scrutiny of the industry. Its IPO was the second largest for the market this year after short video firm Kuaishou raised $ 5.3 billion.

Markets were lifted by mostly positive reports. The number of Americans who filed for unemployment benefits fell yet again to a pandemic low of 406,000.

Although the Commerce Department reported that sales of durable goods fell 1.3%, it also released updated data showing the US economy grew at a 6.4% annual rate in the first quarter as growing numbers of people got vaccinated, allowing the economy to shift back toward normal. activity.

The “optimism around U.S. economic data is boosting the recovery theme and may potentially spur some catch-up growth in Asia indexes, considering that they have been lagging,” Jun Rong Yeap of IG said in a commentary.

Tokyo added 2.1% to 29,149.41 while the Hang Seng in Hong Kong gained less than 0.1% to 29,124.41. In Seoul, the Kospi jumped 0.7% to 3,188.73. The Shanghai Composite index shed 0.2% to 3,600.78 and Sydney's S & P / ASX 200 added 1.2% to 7,179.50.