Global Markets Mixed, Gold Rally Pauses on Easing Middle Eastern Tensions

U.S stock futures fall slightly. Gold's rally pauses as a peace deal between Israel and Hamas begins to take shape. The dollar strengthens after the latest Federal Reserve meeting minutes highlighted division over future rate cuts. The Japanese yen reaches a nearly 8-month low against the dollar. Hopes that France can solve its budget and political deadlock without a snap-election cause yields to fall slightly. --U.S. futures for the S&P 500, the Dow Jones Industrial Average and Nasdaq were all down around 0.2% in early trade. --Indices in Europe opened mostly lower with the U.K's FTSE 100 leading the fallers. The index was pulled down by HSBC shares, which fell nearly 6.5%, as the logic, timing and price of its $13.6 billion deal to take Hong Kong's Hang Seng Bank private came under scrutiny. London's miners rose after being pulled up by a tightening copper market and hopes that the industrial metal surges to record highs. --Asian markets closed higher. Japan's Nikkei finished up 1.8% after gains in technology and electronic stocks. In China, mainland shares rose after trading resumed following the Golden Week holiday. The Shanghai Composite index crossed the 3,900 level for the first time since 2015 and closed 1.3% higher. Shenzhen and ChiNext closed 1.2% and 0.7% higher, respectively, after getting a boost from rare earth metal and gold stocks. South Korea's Kospi was closed due to a public holiday. --Gold prices fell on easing geopolitical risks as a fragile peace deal between Israel and Hamas began to take shape. Prices hovered near record highs with futures in New York down 0.5% to $4,051.40 a troy ounce. They had hit an all-time high in the previous session. --The yen reached a nearly 8-month low against the dollar at 153.21. The dollar strengthened after the latest Federal Reserve meeting minutes showed officials were divided over how much further they should lower interest rates. The DXY dollar index rose 0.1% at 99.044. --Bitcoin edged lower on the Federal Reserve's minutes. The digital asset fell 0.7% to $122,025, having reached a record high of $126,223 on Monday, LSEG data showed. --The 10-year French OAT-German Bund yield spread narrowed, leading a spread tightening trend in the eurozone as French politicians make progress to solve the budget and political deadlock. Ten-year gilt yields rose 1 basis point to 4.719% while the 10-year Treasury yield was unchanged at 4.130%. --Brent crude and WTI edged 0.2% higher to $66.38 and $62.13 a barrel, respectively, after opening the session lower. Write to Barcelona Editors at barcelonaeditors@dowjones.com

Global Markets Mixed, Gold Rally Pauses on Easing Middle Eastern Tensions

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