Global markets broadly rise on AI chip demand despite Wall Street’s retreat on inflation data

World shares were mostly higher Wednesday after a retreat on Wall Street as US inflation rose higher than expected in October, while US futures edged higher and oil prices rose.

In early European trading, Germany’s DAX rose 1 per cent to 26,621.01 after inflation fell to 2.8 per cent in October from a year earlier, according to the federal statistics office on Wednesday.

The CAC 40 in Paris picked up 0.6 per cent to 8,331.94. Britain’s FTSE 100 added 0.7 per cent to 10,825.97.