World stocks climb, Nikkei soars on Japan PM Takaichi's big poll win
World shares advanced, and Tokyo's Nikkei 225 share index jumped as much as 5 per cent to a record on Monday after Japanese Prime Minister Sanae Takaichi's governing party secured a two-thirds supermajority in a parliamentary election.
In early European trading, Germany's DAX gained 0.6 per cent to 24,864.59, while the CAC 40 in Paris edged 0.2 per cent higher, to 8,288.06. Britain's FTSE 100 was up 0.3 per cent at 10,399.61.
US futures edged higher after the US stock market roared back on Friday as technology stocks recovered much of their losses from earlier in the week and bitcoin halted its plunge. The future for the S&P 500 added 0.1 per cent, while that for the Dow Jones Industrial Average was up 0.2 per cent.
On Friday, the S&P 500 rallied 2 per cent for its best day since May. The Dow industrials soared 2.5 per cent, topping the 50,000 level for the first time. The Nasdaq composite leapt 2.2 per cent.
The combination of a rebound in tech shares, Wall Street's rally and