Global Markets
Overseas markets split as Asia and Brazil outperform
A mixed global session leaves U.S. equities looking stronger than many of their peers.
The overseas tape is uneven. The Hang Seng rises 2.0%, the ASX 200 gains 1.0%, the Bovespa adds 1.9%, and the TSX climbs 0.5%. On the other side, the Nikkei 225 falls 1.5%, the Kospi drops 6.0%, and the Shanghai Composite edges up just 0.4%.
Europe is softer overall. The FTSE 100 slips 0.1%, the DAX is basically flat at 0.0%, the CAC 40 falls 0.6%, and the Stoxx 600 loses 0.3%. The moves leave the region mixed even as several major indexes stay above their 200-day averages.
Reuters headlines point to geopolitics and trade stress in the background, with stories on maritime security, U.S. sanctions on support networks for Iran’s Mahan Air, and China threatening retaliation against a U.S. humanoid robot ban. CNBC also flags China’s U.S.-bound shipments falling in July after a brief recovery, which fits the softer tone in parts of Asia.