BEIJING (AP) — Global stock markets were mixed Monday after the United States reported strong jobs numbers and China threatened a tariff hike.

KEEPING SCORE: In early trading, Germany’s DAX shed 0.4 percent to 12,568.45 while London’s FTSE 100 gained 4 points to 7,663.25. France’s CAC 40 lost 1.5 points to 5,478.37. On Friday, the FTSE gained 1.1 percent, the DAX rose 0.6 percent and the CAC 40 added 0.3 percent. On Wall Street, futures for the Standard & Poor’s 500 index and the Dow Jones industrial average were unchanged.

ASIA’S DAY: The Shanghai Composite Index lost 1.3 percent to 2,705.16 and Tokyo’s Nikkei 225 was off 18 points at 22,507.32. Hong Kong’s Hang Seng added 0.5 percent to 27,819.56 and Seoul’s Kospi was down 1 point at 2,286.50. Sydney’s S&P-ASX 200 rose 0.6 percent to 6,273.00 and India’s Sensex advanced 0.5 percent to 37,739.68. benchmarks in Taiwan, Singapore and New Zealand rose, while Bangkok declined.

U.S. JOBS: The Labor Department said Friday that employers added fewer jobs in July than expected but more were added in May and June than previously reported. The bankruptcy of toy retailer Toys R Us and job cuts in local governments dragged down the totals. Hourly wage growth was modest in July. Inflation-adjusted wages are decreasing because inflation has gradually picked up.

TRADE WAR: The Chinese government issued a $60 billion list of U.S. goods late Friday, including semiconductors and industrial chemicals, targeted for retaliation if Washington goes ahead with its latest tariff threat. The Finance Ministry said the charges, ranging from 5 percent to 25 percent, will take effect if the Trump administration goes ahead with plans to impose 25 percent duties on $200 billion of Chinese goods. The two sides already have raised tariffs on billions of dollars of each other’s goods in a dispute over Beijing’s technology policy.

CHINA CURRENCY: Regulators tightened controls on trading in China’s yuan in a possible effort to stop its decline against the dollar. Traders were ordered to post a 20 percent deposit for contracts to buy or sell yuan, which raises the cost of betting it will fall further. The yuan has drifted lower against the dollar since February, which could help exporters that face higher U.S. tariffs but also raises the risk of capital flowing out of the economy. The central bank “had been largely tolerant” of the yuan’s decline, but the latest changes “may have gathered concerns including capital flight,” said Jingyi Pan of IG in a report.

ENERGY: Benchmark U.S. crude gained 47 cents to $68.95 per barrel in electronic trading on the New York Mercantile Exchange. The contract sank 47 cents on Friday to close at $68.49. Brent crude, used to price international oils, rose 33 cents to $73.55 in London. It lost 24 cents the previous session to $73.21.

CURRENCY: The dollar declined to 111.25 yen from Friday’s 111.26 yen. The euro edged down to $1.1562 from $1.1569.

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Investing.com – Here are the top five things you need to know in financial markets on Monday, August 6:

1. U.S.-China Rhetoric Flares Up Again

China’s state media lashed out at the policies of U.S. President Donald Trump in an unusually direct attack, adding to worries that the world’s two largest economies are spiraling towards a full-blown trade war.

The ruling Communist Party’s People’s Daily newspaper singled out Trump in an editorial today, saying he was starring in his own “street fighter-style deceitful drama of extortion and intimidation” and his expectation that others play along is simply “wishful thinking.”

China’s strictly controlled news outlets have frequently rebuked the United States and the Trump administration as the trade conflict has escalated, but they have largely refrained from specifically targeting Trump until now.

The comments came after China on Friday announced retaliatory tariffs on $60 billion worth of U.S. products.

That move was in response to the Trump administration’s proposal of a 25% tariff on $200 billion worth of Chinese imports.

2. Global Markets Start The Week Lower

Global stocks started the week on a downbeat note, as a backdrop of renewed trade tensions weighed on sentiment.

Trade-war fears have been simmering for months, keeping market gains in check with investors jittery over the prospects of further escalation in tensions between the world’s two largest economies having an impact on economic growth.

Asian shares closed mixed, paring gains seen earlier.

Mainland Chinese stocks led losses in the region once again, with indices steepening losses in the afternoon. The Shanghai Composite declined 1.3%, while smaller-cap stocks in Shenzhen fell 2.1%.

The cautious sentiment carried over to Europe, where most of the region’s major bourses slid lower in mid-morning trade, with nearly every sector in negative territory.

Among national indexes, Germany’s export-heavy DAX took the brunt of investors’ anxieties over trade, dropping by as much as 0.7%.

On Wall Street, U.S. stock futures looked set to kick off the week on the backfoot, with the major indices on track to open with modest losses.

The blue-chip Dow futures were down 30 points, or around 0.1%, at 5:25AM ET, the S&P 500 futures shed 5 points, or around 0.2%, while the tech-heavy Nasdaq 100 futures indicated a loss of 8 points, or roughly 0.1%.

3. Earnings Season Starts To Wind Down

About 40 S&P 500 companies are due to report financial results this week, in what will be the last big wave of the second-quarter earnings season.

Monday sees Tyson Foods (NYSE:TSN), Newell Brands (NYSE:NWL), Cardinal Health (NYSE:CAH), and SeaWorld (NYSE:SEAS) report ahead of the opening bell.

After the bell, Weight Watchers (NYSE:WTW), Etsy (NASDAQ:ETSY), Turtle Beach (NASDAQ:HEAR), Twilio (NYSE:TWLO), Hertz Global (NYSE:HTZ), Marriott (NASDAQ:MAR), and Zillow (NASDAQ:ZG) are due.

Some other high-profile names reporting this week are Disney (NYSE:DIS), Viacom (NASDAQ:VIA), News Corp (NASDAQ:NWSA)., Snap (NYSE:SNAP), Dropbox (NASDAQ:DBX), Roku (NASDAQ:ROKU), Canada Goose (NYSE:GOOS), Office Depot (NASDAQ:ODP), CVS Health (NYSE:CVS), Papa John’s (NASDAQ:PZZA), and Match Group (NASDAQ:MTCH).

4. Dollar Stands Tall After Jobs Data

Away from equities, the U.S. dollar edged higher after the latest U.S. jobs report underlined expectations for the Federal Reserve to stick to a gradual pace of rate hikes this year.

The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, inched up 0.1% to 95.15, re-approaching the more than one-year peak of 95.44 hit on July 19.

In the bond market, U.S. Treasury prices ticked higher, pushing yields slightly lower across the curve, with the benchmark 10-year yield falling to 2.95%, while the Fed-sensitive 2-year note dipped to 2.65%.

On the data front, the calendar is thin today, with no top-tier reports on deck.

Inflation reports are the top economic releases in the week ahead, with producer price inflation data Thursday and the more important consumer price index Friday.

5. New U.S. Sanctions Against Iran Kick In

Despite opposition from European allies, the White House is set to make an announcement this morning detailing the reimposition of U.S. sanctions on Iran that were overturned by an historic nuclear deal in 2015.

A U.S. Treasury official, speaking on condition of anonymity, said so-called “snapback” sanctions will be reimposed at 12:01AM ET on Tuesday after businesses were given 90 days to wind down their activities.

The first wave of sanctions are set to affect Iran’s purchases of U.S. dollars, its trade in gold and precious metals, and its dealings with metals, coal and industrial-related software. U.S. sanctions on Iran’s oil are due in November.

The sanctions are being reinstated after U.S. President Donald Trump pulled the U.S. out of a 2015 deal between world powers and Tehran under which international sanctions were lifted in return for curbs on its nuclear program.

Brent crude futures rose 31 cents to $73.52, while U.S. crude oil futures added 28 cents to $68.77 a barrel.