Global shares mostly higher cheered by Wall Street rise

TOKYO (AP) — European shares were mostly lower despite gains in Asian benchmarks on Monday after President Donald Trump moved to scale back regulation of the U.S. financial industry last week.

On Friday, Trump directed the treasury secretary to look for potential changes to the Dodd-Frank law, which reshaped financial regulations after the 2008-09 financial crisis.

Over the weekend, the U.S. immigration ban on refugees and travelers from seven Muslim-majority countries was blocked by a federal judge and an appeals court turned down a Justice Department request to set that judgment aside.

The White House said it expects the courts to restore executive order, which was founded on a claim of national security.

THE QUOTE: Wall Street is probably cheering Donald Trump's move to revise the Dodd-Frank Act, which are regulatory rules to inhibit banks and brokers after the 2008 subprime crisis. ...