London — World shares rose on Monday, with Chinese stocks hitting 21-month highs and Germany a record, while political uncertainty triggered big moves in sterling, the Turkish lira and Spanish debt. European shares rose. The pan-European Stoxx 600 index added 0.2% and Germany’s DAX 30 touched a record high after data showing industrial output far overshot forecasts. Spanish shares outperformed the broader market and Spain’s government bond yields fell as tension between Spain and its wealthy region of Catalonia appeared to ease. Hundreds of thousands demonstrated on Sunday against a proposed declaration of independence and Catalan leader Carles Puigdemont is under pressure to back away from declaring independence when he addresses the regional parliament on Tuesday. "Some of the uncertainty has been reduced — the tone from Puigdemont has become more conciliatory and [Spain’s Prime Minister Mariano] Rajoy has also stepped back," said Peter Chatwell, head of euro rates strategy at Miz...
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