World shares, dollar climb; bitcoin hits record high

US and European stocks mostly climbed, while the dollar rose and bitcoin extended a record run on Monday, as traders took their lead from events in the United States and China. Chinese stock markets closed mixed and oil prices slid after China’s latest plans to stimulate its economy fell short of expectations. Wall Street’s three main indices pushed solidly into record territory at the opening bell. “Last week’s huge post-election rally hasn’t run out of gas yet,” said Briefing.com analyst Patrick O’Hare. Stocks rallied last week on hopes that a second Donald Trump administration — supported by a Republican Congress — would push through a slew of business-friendly policies including deregulation and tax cuts, offsetting concerns about possible trade wars.