Premarket: World shares advance, despite Wall Street’s tumble, as China pledges to boost consumer spending

News Snapshot:

Shares in Europe and Asia advanced Friday, shrugging off another decline on Wall Street, with markets in China gaining after state-run banks and other financial institutions were ordered to do more to help spur more consumer spending. Germany’s DAX rose 0.4% to 22,667.45, while the CAC 40 in Paris climbed 0.7% to 7,996.78. Britain’s FTSE 100 was up 0.4% at 8,577.97. U.S. stocks looked primed for gains, with the future for the S&P 500 up 0.7% while that for the Dow Jones Industrial Average was 0.5% higher. In Asian trading, Hong Kong’s benchmark jumped 2.1% to 23,959.98, while the Shanghai...