World Shares Mixed as Oil Slips and Wall Street Awaits Jobs Report

World shares were mixed Friday after a modest retreat on Wall Street, while crude oil prices edged lower.

In early European trading, Germany's DAX rose 0.7% to 26,329.28 and the CAC 40 in Paris gained 0.3% to 8,728.22. Britain's FTSE 100 was up 0.5% at 10,925.78. The future for the S&P 500 rose 0.2%, while that for the Dow Jones Industrial Average was nearly unchanged.

Selling of computer chipmakers and other stocks tied to the artificial intelligence boom appeared to taper off somewhat. Tokyo's Nikkei 225 lost 0.1% to 65,606.71, South Korea's Kospi dropped 0.6% to 6,258.77 and Taiwan's Taiex fell 0.4%.

The Shanghai Composite index gained 1% to 3,940.04 after China reported exports grew at a slightly slower but still robust pace of about 24% in July, on strong demand for electronics and other high-tech products. China's large trade surplus narrowed last month and imports also slowed. Hong Kong's Hang Seng picked up 0.5% to 25,668.03. In Australia, the S&P/ASX 200 slipped less than 0.1%, to 9,263.60.

On Thursday, U.S. stocks declined as oil prices rose and more earnings reports arrived. The S&P 500 fell 0.2%, the Dow industrials fell 0.9% and the Nasdaq composite fell 0.1%.

Brent crude rose nearly 4% on Thursday as progress toward reopening the Strait of Hormuz remained unclear. Iran has said it is close to a deal with Oman on reopening the strait, and President Donald Trump has also said previously that a deal is close, but the conflict has had many starts and stops over the past five months. A compromise may be needed: the Trump administration has ruled out Iran charging fees to ships, while Iran has insisted on some measure of control, saying the strait will not go back to being an international waterway.

Early Friday, Brent slipped 0.3% to $82.26 a barrel and U.S. benchmark crude edged 0.1% lower to $77.19. A fifth of the world's traded oil and natural gas once passed through the strait. Prices have surged as high as $113 during the war, adding to inflation through higher gasoline and shipping costs.

Strong corporate profits have helped ease concerns about stock valuations. Roughly 85% of S&P 500 companies have reported results, and earnings growth for the period is shaping up to be the strongest since 2021.

SpaceX rose 6.1% after more than 911 million shares held by early investors and employees became eligible for sale Thursday as a lockup period expired — more than double the shares initially offered in the June IPO. The stock reached as high as $225 after its debut but is now trading around $115, below its $135 offering price.

The July jobs report was due Friday. Employers added only 57,000 jobs in June, and weekly jobless claims rose, though layoffs remain within the historically healthy range of recent years.

The dollar fell to 158.36 Japanese yen from 158.42 yen. The euro was at $1.1530, compared with $1.1524.