Global Markets
Asia mixed, Europe mostly lower as rates dominate
Global markets mostly track the same yield pressure, with a few pockets of strength in Asia and the UK.
The global tape is uneven. In Asia, the Nikkei 225 rises 0.8% and the Kospi gains 1.0%, while the Hang Seng slips 0.3%, Shanghai falls 1.2%, and the Sensex drops 1.7%.
In Europe, the tone is softer. The DAX loses 0.2%, the CAC 40 falls 0.3%, and the Stoxx 600 dips 0.2%. The FTSE 100 edges up 0.2%.
Currency moves line up with dollar strength. The Dollar index rises 0.2% to 101.289, EUR/USD falls 0.6% to 1.1377, GBP/USD drops 0.9% to 1.3218, and USD/JPY climbs 0.9% to 158.888.
Several headlines keep the macro backdrop noisy, including talk of a Trump-Xi summit, a U.S.-China trade truce extension, and more Fed commentary on possible additional rate hikes.