TOKYO—Global shares were mostly higher Monday as investors kept their eyes on a weeklong Communist Party congress in China.
France’s CAC 40 added 0.5 percent in early trading to 5,961.27. Germany’s DAX gained 0.5 percent to 12,498.72. Britain’s FTSE 100 rose 0.5 percent to 6,894.84. The future for the Dow industrials was up 0.7 percent, while the contract for the S&P 500 gained 0.9 percent.
Britain’s new Treasury chief was due Monday to announce details of his tax and spending plans Monday, two weeks ahead of schedule, in a bid to calm markets roiled by the government’s economic policies.
Chancellor of the Exchequer Jeremy Hunt was expected to ditch more of the measures announced by the government of Prime Minister Liz Truss on Sept. 23. Since then, the prime minister’s libertarian economic policies have triggered a financial crisis, emergency central bank intervention, multiple U-turns and the firing of her Treasury chief….