Global Markets
Global stocks mostly climb as the dollar fades
Asian and European indexes mostly rise, while the dollar index slips and the euro, pound and Aussie dollar move higher.
The broad global backdrop is mostly positive. The Nikkei 225 rises 0.7%, the Hang Seng gains 0.5%, the Shanghai Comp. adds 1.4%, and the Kospi climbs 0.7%. In Europe, the DAX advances 0.1%, the Stoxx 600 gains 0.2%, and the CAC 40 is little changed.
Not every market participates. The Sensex falls 0.7%, the Bovespa slips 0.4%, the FTSE 100 edges down 0.1%, and the ASX 200 ends flat. The TSX rises 0.3%.
FX helps explain part of the tone. The dollar index drops 0.4% to 100.495. EUR/USD gains 0.8% to 1.1471, GBP/USD jumps 1.5% to 1.3541, AUD/USD rises 1.3% to 0.7009, and USD/CHF falls 1.2% to 0.8049.
CNBC World highlights continued attention on U.S.-Iran tensions, while Reuters-linked headlines point to subdued Gulf markets and shipping concerns in the Strait of Hormuz. Separate headlines also note Alibaba’s U.S.-listed shares rising 4% after Qwen AI is set to be integrated in Apple Intelligence.