Global shares edge higher on Wall Street strength

The Dow Jones Industrial Average rose 236.82 points, or 0.68%, the S&P 500 gained 37.65 points, or 0.85%, and the Nasdaq Composite added 123.77 points, or 0.82%. The MSCI All Country World Index gained 0.26%, However, the pan-European STOXX 600 index closed down 0.80% after U.K. data showed that inflation hit a more than nine-year high last month.

NEW YORK: Global shares edged higher on Wednesday on the strength of U.S. equities markets that were boosted by rising oil prices and positive economic data out of the United States.

U.S. factory production data showed that manufacturing was strong in August despite a slowdown due to closures related to severe storms and the ongoing microchip shortage.