Global Stocks Mixed After US Rally     07/01 05:15

   Global shares were mixed on Tuesday after U.S. stocks added to their records 
with the close of a second straight winning month. Britain's FTSE 100 fell 0.2% 
to 8,742.87, while Germany's DAX shed 0.4% to 23,809.62. In Paris, the CAC 40 
dropped 0.5% to 7,629.65. 

   MANILA, Philippines (AP) -- Global shares were mixed on Tuesday after U.S. 
stocks added to their records with the close of a second straight winning 
month. Britain's FTSE 100 fell 0.2% to 8,742.87, while Germany's DAX shed 0.4% 
to 23,809.62. In Paris, the CAC 40 dropped 0.5% to 7,629.65. The future for the 
S&P shed 0.2% and that for the Dow Jones Industrial Average edged 0.1% lower. 
In Asian trading, Japan's Nikkei 225 fell 1.2% to 39,986.33 despite positive 
results of the central bank's quarterly Tankan survey which showed a 
better-than-expected improvement in business sentiment among large 
manufacturers.

   The Shanghai Composite index added 0.4% to 3,457.75 after China's official 
manufacturing purchasing managers index, or PMI, rose to a three-month high of 
49.7 in June while the PMI for services and other non-manufacturing businesses 
also rose to a three-month high of 50.5.

   Hong Kong's stock market was closed on Tuesday.

   South Korea's KOSPI Composite Index rose 0.6% to 3,089.65. The government 
reported that exports bounced back in June, helped by strong demand for 
semiconductors, ships and health products.

   "Automobile and automotive parts exports also gained. Strong electric 
vehicle exports to the EU and solid used-car exports partially offset the 
decline of U.S. exports. However, we expect auto exports to remain soft due to 
tariffs and increased production in the U.S.," Min Joo Kang of ING Economics 
said in a report.

   Australia's S&P/ASX 200 edged down 0.1% to 8,541.10.

   Thailand's SET jumped 1.7% after Thailand's Constitutional Court has 
suspended Prime Minister Paetongtarn Shinawatra from office pending an 
investigation over a leaked phone call with a senior Cambodian leader.

   The PSEi in Manila, Philippines, added 0.9% to 6,423.85 On Monday, Wall 
Street resumed its upward climb.

   The S&P 500 rose 0.5%. It has staged a stunning recovery from its springtime 
selloff of roughly 20%. The Dow added 0.6% and the Nasdaq composite gained 0.5%.

   Stocks got a boost after Canada said it would rescind a planned tax on U.S. 
technology firms and trade talks with the United States resumed. On Friday, 
U.S. President Donald Trump had said he was suspending those talks to retaliate 
for the tax, calling it "a direct and blatant attack on our country."

   U.S. stocks have bounced back on hopes that Trump will reach deals with 
other countries to lower his painful high tariffs and avert trade wars that 
could stifle the economy and send inflation higher.

   Many of Trump's announced tariffs have been postponed and are due to kick 
back into effect on July 9.

   The U.S. stock market recovery could raise the risk Trump will resume 
escalating tariffs, similar to what happened in 2018-2019, according to 
strategists at Deutsche Bank led by Parag Thatte and Binky Chadha.

   On Wall Street, Oracle's 4% rise was one of the strongest forces lifting the 
S&P 500. CEO Safra Catz said the tech giant "is off to a strong start" in its 
fiscal year and that it signed multiple large cloud services agreements, 
including one that could contribute over $30 billion in annual revenue two 
fiscal years from now.

   GMS' stock jumped 11.7% after the supplier of specialty building products 
said it agreed to sell itself to a Home Depot subsidiary in a deal that would 
pay $110.00 per share in cash. That would give it a total value of roughly $5.5 
billion, including debt.

   In other dealings early Tuesday, benchmark U.S. crude oil lost 4 cents to 
$65.07 per barrel, while Brent crude, the international standard, fell 7 cents 
to $66.80 per barrel.

   The U.S. dollar dipped to 142.86 Japanese yen from 144.04 yen. The euro rose 
to $1.1822 from $1.1787.