World shares advance as tech shares rebound and the Senate takes steps to end the shutdown

BANGKOK AP Shares advanced in Europe and Asia on Monday as tentative moves by the U S Senate to end the federal authorities shutdown pushed U S futures higher The Senate voted late Sunday in a test vote that begins a series of procedural maneuvers to move toward passing compromise provision to fund the federal executive though final passage could be several days away if Democrats object and delay the process The Senate may hold a vote by mid-December on extending expiring wellness care tax credits the key sticking point Hopes for an end to the shutdown the longest ever pushed the future for the S P up The future for the Dow Jones Industrial Average gained Germany s DAX gained to and the CAC in Paris jumped to Britain s FTSE rose to Monday s gains were led by a rebound in apparatus shares as investors alarm over the runup in stock prices related to the craze for artificial intelligence appeared to calm South Korea s Kospi led the gains in Asia adding to Computer chip maker SK Hynix which is cooperating with Nvidia on artificial intelligence surged Its bigger rival Samsung Electronics was up Tokyo s Nikkei added to lifted by big gains for AI related shares such as chip maker Tokyo Electron which surged The Hang Seng in Hong Kong rose to and the Shanghai Composite index climbed to Australia s S P ASX picked up to Taiwan s Taiex jumped while the Sensex in India gained On Friday stock indexes closed mixed on Wall Street clocking their first weekly loss in the last four The S P inched higher and the Dow Jones Industrial Average added The technology-heavy Nasdaq fell as much as but recovered majority of its losses shedding Major indexes wobbled throughout bulk of the week weighed down by hardware stocks especially several big names with huge valuations that give them outsized influence over the direction of the arena Google s parent company Alphabet fell and Broadcom fell Wall Street remains focused on the latest quarterly reports and forecasts from U S companies More than of companies within the S P have broadcasted earnings for their latest quarter Largest part companies have published progress beyond Wall Street expectations and the influential tech sector has the strongest improvement according to statistics from FactSet Corporate profits and forecasts were already being scrutinized by Wall Street as investors try to gauge whether the region s overall high value is justified The results have taken on more significance amid a lack of other figures about the financial system because of the U S regime shutdown which is now the longest on record The shutdown is responsible for delays in key economic input on inflation and employment that traders and the Federal Reserve rely on in making decisions about investments and guidelines The lack of content on employment is especially troubling because the job territory has been weakening The Fed has signaled a more cautious approach on interest rate cuts that Wall Street has been expecting to help stimulate the financial sector by reducing the cost of borrowing The Fed has already cut its benchmark rate twice this year as it tries to counter the impact that a weakening employment territory could have on economic enhancement Cutting rates could worsen inflation at a time when levels are stubbornly higher than the central bank s goal however Wall Street is still mostly betting that the Fed will cut interest rates at its December meeting In other dealings early Monday U S benchmark crude oil picked up cents to per barrel Brent crude the international standard gained cents to per barrel The U S dollar rose to Japanese yen from yen The euro inched up to from Source