Global shares mostly rise, cheered by Wall Street rally
[September 10, 2025] By
YURI KAGEYAMA
TOKYO (AP) — Global shares mostly rose Wednesday, echoing record rallies
on Wall Street after the latest update on the job market bolstered hopes
the U.S. Federal Reserve will cut interest rates.
France's CAC 40 rose 0.8 in early trading to 7,809.80. Germany's DAX
edged up 0.6% to 23,856.74. Britain's FTSE 100 rose 0.2% to 9,263.14.
U.S. shares were set to be mixed with Dow futures down 0.1% at
45,700.00, while S&P 500 futures gained 0.3% at 6,537.75.
Japan's benchmark Nikkei 225 gained 0.9% to finish at 43,837.67.
Australia's S&P/ASX 200 added 0.3% to 8,830.40. South Korea's Kospi
jumped 1.7% to 3,314.53.
Hong Kong's Hang Seng rose 1.0% to 26,200.26, while the Shanghai
Composite edged up 0.1% to 3,812.22. Uncertainty is still in the air
over U.S.-China tariff issues as bilateral talks continue.
U.S. President Donald Trump has raised taxes on imports from China,
triggering a tit-for-tat tariff war. The U.S. is currently charging an
additional 30% tariff on Chinese goods and China is charging a 10%
tariff under a de-escalation deal reached in May.
Investors are also watching for the U.S. Federal Reserve possibly
cutting its main interest rate for the first time this year at its next
meeting in a week, in order to prop up the slowing job market. A report
on Tuesday offered the latest signal of weakness, when the U.S.
government said its prior count of jobs across the country through March
may have been too high by 911,000, or 0.6%.
That was before President Donald Trump shocked the economy and financial
markets in April by rolling out tariffs on countries worldwide.
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A dealer stands near the screen showing the foreign exchange rate
between U.S. dollar and South Korean won at a dealing room of Hana
Bank in Seoul, South Korea, Wednesday, Sept. 10, 2025. (AP Photo/Lee
Jin-man)
 The bet on Wall Street is that such
data will convince Fed officials that the job market is the bigger
problem now for the economy than the threat of inflation worsening
because of Trump’s tariffs. That would push them to cut interest
rates, a move that would give the economy a boost but could also
send inflation higher.
“The broader narrative is increasingly anchored on expectations that
the Fed will deliver a rate cut at next week’s meeting,” said Ahmad
Assiri, research strategist at Pepperstone.
In energy trading, benchmark U.S. crude added 58 cents to $63.21 a
barrel. Brent crude, the international standard, rose 56 cents to
$66.95 a barrel.
The rise in oil prices came amid escalation of tensions in the
Middle East. Israel struck the headquarters of Hamas’ political
leadership in Qatar on Tuesday as the group’s top figures gathered
to consider a U.S. proposal for a ceasefire in the Gaza Strip.
In currency trading, the U.S. dollar inched up to 147.53 Japanese
yen from 147.37 yen. The euro fell to $1.1695 from $1.1714.
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