HONG KONG (AP) — World stocks advanced Monday after U.S. stock indexes drifted near their records, with the Dow Jones Industrial Average closing above 40,000 for the first time. Oil prices climbed as investors focused on the Middle East, where a helicopter carrying Iranian President Ebrahim Raisi and other officials crashed in the mountainous northwest reaches of Iran on Sunday. European markets started the week higher with Britain’s FTSE 100 gaining 0.3% to 8,447.28. Germany’s DAX added 0.4% to 18,770.02 and the CAC 40 in Paris climbed 0.4% to 8,197.72. The future for the S&P 500 edged 0.1% higher, and that for the Dow Jones Industrial Average was up less than 0.1%. China’s market extended last week’s gains after the central bank announced new support for the property industry, including cutting required down payments for housing loans, cutting mortgage interest rates for first and second home purchases and removing a mortgage rate floor. |
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