Global shares and U.S. futures were mostly lower Monday as hopes for more U.S. economic aid were countered by fears over spreading damage from the pandemic. France's CAC 40 slipped 0.5 per cent in early trading to 5,677.99, while Germany's DAX slipped 0.8 per cent to 13,943.02. Britain's FTSE 100 shed 0.4 per cent to 6,843.12. U.S. shares were poised for a weak start with Dow futures down nearly 0.7 per cent at 30,793.00. S&P 500 futures fell 0.6 per cent to 3,794.00. Traders continued to be cheered by prospects that the incoming administration of President-elect Joe Biden will pump more aid into the U.S. economy, a move that will help Asia and other export-driven nations. But that optimism is tempered by worries over the potential for further disruptions on the political front before Biden takes office on January 20, following last weeks riots at the U.S. Capitol. Biden may also struggle to win support for his pledges of much more financial support for individuals and businesses,
World shares edged higher as some markets wrapped up trading for 2020, anticipating a dose of fresh support for the US economy
The MSCI world equity index, which tracks shares in 49 countries, hit an all-time high on Wednesday
Gold eased down from a five-week high to just under $1,340 per ounce
Wall Street's equity volatility gauge, the VIX - the spike in which had kicked off the ructions - was at 26.5%, easing off Friday's 29% close