MANILA, Philippines — World shares were mixed Friday in holiday-thinned trading as tech stocks slipped as a recent rebound driven by hopes for an interest rate cut by the Federal Reserve lost steam.
In early European trading, Germany’s DAX shed nearly 0.2% to 23,730.81 as traders awaited inflation data set to be released later in the day.
Britain’s FTSE 100 edged up 0.2% to 9,708.36 on gains in energy and mining stocks.
The CAC 40 in France was nearly unchanged at 8,100.87, despite government data showing France’s economy grew 0.5% quarter-on-quarter in July-September, up from 0.3% in the previous quarter.
While developments related to artificial intelligence have been driving recent ups and downs in world markets, the focus remains on the outlook for U.S. monetary policy. Recent comments by Fed officials have helped revive hopes the central bank will act during its meeting next month.
“Everyone is sprinting toward the same conclusion: the Fed will deliver holiday cheer,” Stephen Innes of SPI Asset Manage