Mixed Global Markets Amid Ongoing Strait of Hormuz Uncertainty

A mixed bag of results greeted investors as global shares traded on August 7. U.S. stock futures had gained earlier in the day after a jobs report showed that employers unexpectedly cut 23,000 positions last month.

This report may have contributed to bond yields dropping sharply, with the yield on the 10-year Treasury falling to 4.60% from 4.67%. A weaker job market is seen as reducing upward pressure on inflation.

Global shares were mixed, with Germany's DAX rising 1%, while the price of crude oil edged lower by 0.7%. The Brent crude price had risen nearly 4% the previous day due to uncertainty surrounding the Strait of Hormuz.