Shares mixed in Europe and Asia as US stocks dip and oil rebounds

beaumontenterprise.com

Global shares were mixed Friday after US stocks fell, while oil prices rebounded on uncertainty over reopening the Strait of Hormuz. European and Asian benchmarks showed varied results, with China's exports rising 24% in July, slightly slower but robust. Brent crude gained over 1% to $83.33. Wall Street declined Thursday as oil climbed and earnings reports rolled in. Oil prices have surged due to the war and inflation concerns. Strong corporate profits have eased worries about overpriced shares. SpaceX shares slumped after a lockup expired. US jobs report due Friday.


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