Shares Worldwide positive

On Monday world shares rose, with Chinese stocks hitting 21month highs and the German index setting a new record, while political uncertainty triggered big moves in sterling, the Turkish lira and Spanish debt.

European shares rose. The panEuropean STOXX 600 index added 0.2 percent and Germany’s DAX touched an all-time high after data showing industrial output far overshot forecasts. The DAX later gave up its gains.

Spanish shares outperformed, rising 0.6 percent, and Spain’s government bond yields fell after a big show of support for the country remaining together and against Catalan independence appeared to calm markets.

Hundreds of thousands demonstrated on Sunday in the Catalan capital Barcelona, carrying banners saying “Catalonia is Spain” and “Together we are stronger”. Catalan leader Carles Puigdemont was due to address the regional parliament on Tuesday on “the current political situation”.

Spain’s 10-year bond yield fell 7.5 basis points at 1.64 percent.

On their first day of trade after a week-long holiday, Chinese bluechip stocks touched their highest levels since late 2015, partly in a delayed reaction to a targeted cut in the amount of cash some banks must hold in reserve bank announced a week ago.

That outweighed data on Monday showing activity in China’s service sector grew in September at its slowest since December 2015. MSCI’s broadest index of Asia-Pacific shares outside Japan was last down 0.1 percent, having rebounded by 1.7 percent last week. An index of world stocks tracking shares in 46 countries, however, was up less than 0.1 percent but just shy of a record high.

The S&P 500 fell on Friday after six days of gains following data showing U.S. employment fell in September for the first time in seven years, although wage growth accelerated.

Gold hit a one-week high as tension over North Korea saw some investors seek safety in the metal. It rose 0.5 percent to $1,282 an ounce.