In a statement on Thursday, the International Longshoremen’s Association said it had reached a tentative agreement on wages that would see its 35,000 members resume work at ports across the U.S. East and Gulf coasts, before returning to the negotiating table on Jan. 15 2025.

Global shares were mostly higher Friday after worsening tensions in the Middle East sent stocks lower on Wall Street while boosting crude prices. France's CAC 40 gained 0.5% to 7,511.38 in early trading,