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Global stocks rise as Japan PM Shigeru Ishiba announces resignation plans

Global shares gained on Monday after Japan PM Shigeru Ishiba announced plans to resign, easing uncertainty in markets. Nikkei surged 1.5 perc while European indices rose modestly. Analysts said Ishiba expected exit clears the path for new leadership. Japan’s economy grew faster than estimated at 2.2 perc and auto stocks rallied after US trade deal.

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Representational Image. File Pic

Representational Image. File Pic

Global shares mostly rose with Japan's benchmark jumping higher in Monday morning trading, despite the looming political uncertainty after Prime Minister Shigeru Ishiba announced last night that he plans to resign.

France's CAC 40 edged up nearly 0.2 per cent in early trading to 7,688.69, while Germany's DAX rose 0.6 per cent to 23,742.28. Britain's FTSE 100 added 0.2 per cent to 9,224.85. US shares were set to drift higher with Dow futures up 0.2 per cent at 45,530.00. S&P 500 futures rose 0.2 per cent to 6,504.50.

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