World shares advance after modest gains on Wall St
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By ELAINE KURTENBACH
AP Business Writer
Shares have advanced in Europe and Asia after Wall Street benchmarks managed to close mostly higher. Stocks gained in Paris, Frankfurt and Tokyo. In China, a major Communist Party meeting ended, as expected, with a resolution setting the stage for President Xi Jinping to remain top leader for life. The Chinese economy has been slowing after bouncing back from a pandemic downturn, but the record $139.1 billion spent by Chinese shoppers during this year’s annual Nov. 11 Singles’ Day shopping extravaganza suggested potential for resilient retail demand. The S&P 500 is still on track for its first weekly loss in six weeks after eking out a gain of under 0.1% on Thursday.Â