World Shares Up, Extending Wall Street Gains as US Wages Slow

A currency trader walks by the screens showing the Korea Composite Stock Price Index (KOSPI), (L), and the foreign exchange rate between U.S. dollar and South Korean won at a foreign exchange dealing room in Seoul, South Korea, on Jan. 9, 2023. Lee Jin-man/AP Photo

BANGKOK—World shares were mostly higher Monday following last week’s rally on Wall Street, where investors bet that slow U.S. wage gains may augur a cooling of the inflation that has led the Federal Reserve to hike interest rates.

In Europe, Germany’s DAX gained 0.3 percent to 14,647.16 and the CAC 40 in Paris edged less than a point higher, to 3,817.82. Britain’s FTSE 100 edged 0.1 percent lower to 7,691.05.