Global stock markets experienced a broad-based rally on Wednesday, with European and Asian indices climbing higher following a record-breaking performance by the Dow Jones Industrial Average. The resurgence in technology stocks, particularly those tied to artificial intelligence (AI), has fueled investor optimism after last week’s volatility. In Europe, France’s CAC 40 rose 0.5% to 8,193.98, while Germany’s DAX surged nearly 1.1% to 24,357.28. The UK’s FTSE 100 edged up 0.1% to 9,906.82. Futures for the S&P 500 and Dow Jones also indicated positive momentum, gaining 0.4% and 0.2%, respectively. In Asia, Japan’s Nikkei 225 advanced 0.4% to close at 51,063.31, despite SoftBank Group’s shares dropping 3.5% after the company disclosed the sale of its entire $5.83 billion stake in Nvidia, a leading AI chipmaker. Hong Kong’s Hang Seng rose 0.9%, while the Shanghai Composite remained nearly flat. The U.S. bond market was closed for Veterans Day, and concerns persist over the Federal Reserve’s ability to navigate economic challenges amid a government shutdown that has delayed critical economic data. Meanwhile, oil prices dipped slightly, with U.S. crude falling to $60.70 a barrel and Brent crude dropping to $64.85. The U.S. dollar strengthened against the Japanese yen but weakened slightly against the euro.
