TOKYO (AP) — Global shares rose Monday, as the yen dipped in the midst of political uncertainty after Japan’s ruling party lost its majority in Parliament’s lower house in weekend elections.
France’s CAC 40 edged up 0.7% in early trading to 7,552.94, while Germany’s DAX rose 0.5% to 19,549.65. Britain’s FTSE 100 added nearly 0.2% to 8,260.84. U.S. shares were set to drift higher with Dow futures up 0.4% at 42,503.00. S&P 500 futures gained 0.5% to 5,876.50.
In currency trading, the U.S. dollar rose to 153.33 Japanese yen from 152.24 yen. It was trading at 140-yen levels last month. The euro cost $1.0817, down form $1.0803.
The weak yen
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