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Global shares are mixed and oil prices gain
AP News • • business
Key Points:
- Global stock markets showed mixed performance, with Tokyo's Nikkei 225 rising 2.1% and South Korea's Kospi jumping 4.6%, driven by strong gains in computer chipmaker stocks such as Samsung Electronics and SK Hynix.
- European markets were mostly flat or slightly down, with France's CAC 40 nearly unchanged, Germany's DAX down 0.2%, and Britain's FTSE 100 declining 0.2%.
- U.S. stock futures indicated a slight downturn ahead of the Labor Day holiday, with Dow futures down 0.3% and S&P 500 futures largely unchanged.
- Energy markets saw Brent crude prices edge up to $96.32 a barrel amid ongoing tensions in the Strait of Hormuz, where Iran plans to announce an exclusion zone following U.S. military strikes on Iranian oil tankers.
- Currency markets reflected a slight weakening of the U.S. dollar against the yen and euro, with attention on the Bank of Japan's upcoming policy meeting and the Federal Reserve's expected interest rate hikes to combat inflation.
