BANGKOK (AP) 鈥� Shares declined Friday in Europe after a mixed session in Asia and U.S. futures were little changed after U.S. showed a better-than-expected improvement in July.
Oil prices resumed climbing after slipping 2% a day earlier.
Britain’s FTSE 100 fell 0.3% to 10,744.31 after regained the seat in Parliament he quit a month ago, beating trash-can wearing comic candidate Count Binface in a widely mocked special election.
In Germany, the DAX rose 0.5% to 26,442.54, while the CAC 40 in Paris edged less than 0.1% lower to 8,648.48.
The future for the S&P 500 edged 0.1% higher while that for the Dow Jones Industrial Average was down 0.1%.
Tokyo’s Nikkei 225 index gained 0.6% to 68,713.80, while the Kospi in South Korea rose 2.4% to 6,977.94.
In Hong Kong, the Hang Seng lost 1.1% to 25,116.85. The Shanghai Composite index was nearly unchanged at 3,927.18.
Australia’s S&P/ASX 200 slipped 0.8% to 9,115.20.
Taiwan’s Taiex lost 0.5% and the Sensex in India fell 0.2%.
On Thursday, the S&P 500 rose 0.7% to an all-time high close of 7,798.99. The Dow Jones Industrial Average added 0.1% to 53,839.99, and the Nasdaq composite climbed 0.8% to 26,803.03.
Investors were relieved by a report that showed prices at the U.S. wholesale level were 4.7% higher last month than a year earlier. While that is more painful than anyone would like, it鈥檚 not as bad as June鈥檚 5.5% inflation rate at the wholesale level, and it was slightly better than economists expected.
If inflation continues to trend that way, could decide to hold off on hikes to interest rates. Higher rates would help keep a lid on inflation, but they do so by intentionally slowing the economy and making it more expensive for everyone .
鈥淭he disinflation ducks are starting to line up, and with oil also backing off, the market has steadily stripped away the case for another near-term Fed hike,鈥� Stephen Innes of SPI Asset Management said in a commentary.
Any increase by the Fed would be the first in more than three years. It also could anger U.S. President Donald Trump, who has been lobbying for lower interest rates.
Oil prices resumed climbing early Friday, with Brent crude, the international standard, gaining 1% to $87.96 per barrel.
It鈥檚 been swinging sharply recently, zinging between $72 and $102 in July as hopes rose and fell that Trump could get a that might allow oil tankers to freely exit the Middle East through .
U.S. benchmark crude surged 1.7% to $82.60 per barrel.
A summertime holiday lull has slowed trading, but worries over oil supplies persist.
Clashes between and government forces in Yemen have raised fears that the country鈥檚 civil war could reignite and open another front in the Middle East.
In other dealings early Friday, the U.S. dollar fell to 159.16 Japanese yen from 159.50 yen. The euro rose to $1.1556 from $1.1530.
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