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Global Markets React To Middle East Tensions And Economic Data

Signs marking the intersection of Broad and Walls Streets appear near the New York Stock Exchange on Oct. 1, 2024, in New York. (AP Photo/Peter Morgan, File)

World shares were mostly lower on Thursday as investors awaited developments in the Middle East, causing U.S. stocks to stall. Germany's DAX dropped 0.7% to 19,026.36, while the CAC 40 in Paris lost 0.8% to 7,514.49. In contrast, London's FTSE 100 rose 0.2% to 8,307.45.

The futures for the S&P 500 and the Dow Jones Industrial Average were down 0.4%. The U.S. dollar strengthened against the Japanese yen due to indications that an interest rate hike was not imminent, benefiting major export manufacturers in Japan.

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