World shares were mixed Thursday after declines on Wall Street that snapped a nine-day winning streak for the S&P 500.
Oil prices fell back after said they had agreed to renew their fragile ceasefire and create a number of 鈥減ilot鈥� security zones inside Lebanon from which Hezbollah militants would be banned.
Crude had surged Wednesday when both the United States and Iran said they launched .
Early Thursday in Asia, Brent crude was trading 65 cents lower at $97.16 per barrel, while benchmark U.S. crude oil shed 58 cents to $95.44 per barrel.
In early European trading, Germany’s DAX gained 0.6% to 24,933.09 and the CAC 40 in Paris also climbed 0.6%, to 8,201.85. Britain’s FTSE 100 edged 0.1% higher to 10,344.32.
The future for the S&P 500 shed 0.2% while that for the Dow Jones Industrial Average added 0.2%.
Japan’s Nikkei 225 shed 1.4% to 67,470.69 on selling of technology stocks. Energy and technology giant SoftBank Group slumped 11.2%, while Shin-Etsu Chemical dropped 3.8%.
Hong Kong’s Hang Seng lost 1.4% to 25,274.98, and the Shanghai Composite index fell 0.8% to 4,057.78.
In South Korea, the Kospi sank 1.8% to 8,639.41, while Australia’s S&P/ASX 200 declined 1.1% to 8,686.10.
On Wednesday, the S&P 500 fell 0.7% from its all-time high for its first drop in 10 days. The Dow industrials dropped 1.2% and the Nasdaq composite sank 0.9%.
Stocks felt pressure from higher yields in the bond market, which climbed with the price of oil. The yield on the 10-year Treasury was steady at 4.49%, up from 4.46% late Tuesday and from just 3.97% before the war began.
worldwide are threatening to slow economies and undercut prices for stocks and all kinds of other investments. They have already forced the average long-term U.S. mortgage rate to its , and they could curtail companies鈥� borrowing to build the artificial-intelligence data centers that have recently.
More expensive loans can hurt smaller companies in particular because many need to borrow to grow. The Russell 2000 index of the smallest U.S. stocks fell 1.3%, more than the rest of the market.
Still, stocks remain near their records, even with all the created by higher .
Oil prices remain below their peaks from earlier in the war with Iran, and hope seems to be remaining on Wall Street that the United States and Iran will ultimately agree to reopen the to oil tankers. That would improve the global flow of crude and hopefully lower its price.
Lawmakers in the U.S. House for the first time Wednesday approved a war powers resolution that would halt the , defying as a handful of Republicans joined with Democrats to try to end the three-month-long conflict that has reordered politics at home and abroad and roiled world markets.
Reports on the U.S. economy were mixed. One from the Institute for Supply Management said growth accelerated more last month for U.S. construction, agricultural and other services businesses than economists expected.
The survey also showed businesses are feeling the pinch of higher prices caused by tariffs and more expensive oil.
Thursday will bring U.S. employment data.
In other dealings early Thursday, the U.S. dollar fell to 159.89 Japanese yen from 160.08 yen late Wednesday. The euro rose to $1.1603 from $1.1600.
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