Global shares rose wednesday after Wall Street extended its gains for a third straight day, driven by optimism over economies reopening from shutdowns to stem the coronavirus pandemic.France's CA C40 edged up 1.5% in early trading to 4,933.63, while Germany's DAX gained 1.6% to 12,211.49. Britain's FTSE 100 rose 1.1% to 6,289.53. U.S. shares were set for gains, with the future for the Dow industrials up 0.6% to 25,842.00. The future for the S&P 500 picked up 0.4% at 3,090.20.

 

Official data released wednesday showed Germany's unemployment rate rose modestly in april to 6.1%, curbed by extensive use of a short-time work program that kept millions of people on payrolls. The government is mulling a stimulus package to reinvigorate Europe's biggest economy.

 

In Asian trading, Japan''s Nikkei 225 gained 1.3% to 22,613.76. South Korea's Kospi surged 2.9% to 2,147.00. Hong Kong''s Hang Seng was up 1.4% at 24,325.62, while the shanghai Composite was little changed, inching up less than 0.1% to 2,923.37.Australia's S&P/ASX 200 rose 1.8% to 5,941.60 despite news that the economy contracted at a 0.3% rate in January-March and is forecast to weaken much more in the current quarter, falling into recession for the first time since 1991.

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