European Benchmarks Slide While Asian Bourses Finish Mixed | Market & Economy

Global shares traded mixed Thursday, as markets digested a brief Wall Street rally following what appeared to be a softening of President Donald Trump’s rhetoric toward the Federal Reserve and his ongoing trade war, Yuri Kageyama and Stan Choe reported for the Associated Press.

France’s CAC 40 slipped 0.9% to 7,412.26.

France’s CAC 40 slipped 0.9% to 7,412.26, Germany’s DAX fell 1.0% to 21,755.04, and the UK’s FTSE 100 dipped 0.3% to 8,375.06. U.S. futures also pointed lower, with the Dow down nearly 0.9% to 39,433.00 and the S&P 500 off 0.8% at 5,359.25.

In Asia, Japan’s Nikkei 225 added 0.5% to finish at 35,039.15, while Australia’s S&P/ASX 200 rose 0.6% to 7,968.20.

South Korea’s Kospi edged down 0.1% to 2,522.33, and Hong Kong’s Hang Seng fell 0.7% to 21,909.76. China’s Shanghai Composite was little changed, inching up less than 0.1% to 3,297.29.

Tan Jing Yi of Mizuho Bank described Trump’s shifting policies as “headline turbulence,” warning that global economies could suffer long-term damage.

“Sentiments swing from hopes of intense relief to inflicted economic gloom,” he said. Trump added some reassurance Tuesday night by saying he had “no intention” of firing the Federal Reserve chair.