SINGAPORE (AP) — World markets were mostly higher on Tuesday, trading in a narrow range, as positive economic data from Britain and beyond soothed jitters over the resignation of two of its top ministers over Brexit.

KEEPING SCORE: France’s CAC 40 rose 0.3 percent to 5,412.82, while Germany’s DAX shed less than 0.1 percent to 12,540.15 in early trading. Britain’s FTSE 100 edged 0.1 percent higher to 7,695.04. Major U.S. indexes were set to open higher. Dow futures added 0.1 percent to 24,804.00. S&P 500 futures gained 0.1 percent to 2,789.20. The S&P 500 index has climbed at least 0.8 percent for the third straight day.

ASIA’S DAY: Japan’s benchmark Nikkei 225 added 0.7 percent to 22,196.89 and South Korea’s Kospi gained 0.4 percent to 2,294.16. The Shanghai Composite index finished 0.4 percent higher at 2,827.63. Hong Kong’s Hang Seng dipped less than 0.1 percent to 28,682.25. Australia’s S&P/ASX 200 dropped 0.4 percent to 6,258.10. Shares rose in Taiwan and were mostly higher in Southeast Asia.

BRITISH TENSIONS: The resignation of two British government ministers over Brexit negotiations is threatening to topple Prime Minister Theresa May’s fragile minority government. Foreign Secretary Boris Johnson, one of the most prominent supporters of Brexit, quit with a letter accusing May of flying “white flags” of surrender in negotiations with the European Union. His exit followed the resignation Sunday of Brexit Secretary David Davis. As May grappled with the fallout from those defections, news that the British economy expanded at a 0.3 percent pace in May helped calm rattled investors.

U.S. OPTIMISM: Overnight gains on Wall Street boosted most Asian markets. U.S. stocks climbed on Monday as investors geared up for buoyant earnings reports in the coming weeks. This added to optimism after a strong jobs report on Friday. The Labor Department said that U.S. employers added 213,000 jobs in June, suggesting that hiring remains brisk although average hourly pay rose just 2.7 percent from a year earlier.

CHINA INFLATION: China’s inflation rate for June, released on Tuesday, rose in line with market expectations. The National Bureau of Statistics announced that the consumer price index was 1.9 percent in June from a year earlier, up from 1.8 percent in May. There was little indication of the impact of rising U.S. tariffs on Chinese products.

ENERGY: Benchmark U.S. crude rose 49 cents to $74.34 a barrel. It gained 5 cents to settle at $73.85 per barrel in New York late Monday. Brent crude, used to price international oils, rallied $1.07 to $79.14 per barrel.

CURRENCIES: The dollar rose to 111.16 yen from 110.82 yen on Monday. The euro weakened to $ 1.1720 from $1.1749.

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Investing.com – Here are the top five things you need to know in financial markets on Tuesday, July 10:

1. U.S. Stock Futures Point To More Gains

U.S. stock futures looked set to open modestly higher, as investors temporarily set aside recent trade-related concerns and instead switched focus to the upcoming corporate earnings season.

At 5:30AM ET, the blue-chip Dow futures were up 45 points, or around 0.2%, the S&P 500 futures tacked on 3 points, or roughly 0.1%, while the tech-heavy Nasdaq 100 futures indicated a gain of 17 points, or about 0.2%.

U.S. stocks enjoyed their best day in over a month on Monday, with the Dow booking a 1.3% gain, helped by bank, industrial and energy shares.

Elsewhere, European shares were a tad higher in mid-morning trade, on course to post a sixth straight advance, as strong commodities sectors continued to support the market.

Earlier, Asian shares closed mostly higher, with Japan’s Nikkei leading gainers in the region. China’s Shanghai Composite – which scored its biggest daily jump since August 2016 on Monday – ended 0.4% higher.

2. Pepsi Reports Earnings

PepsiCo reported second-quarter earnings of $1.61 per share ahead of the opening bell, beating forecasts for $1.53. Net revenue rose 2.4% to $16.09 billion, due to higher sales growth in its Frito-Lay unit in North America that helped offset weak demand for beverages.

The consumer giant’s snack business, the company’s largest, grew 4.3%.

Sales in its North America beverage unit fell for the fourth straight quarter, down about 1% to $5.19 billion

Wall Street’s second-quarter earnings season kicks off this week, with four of the biggest U.S banks – Citigroup (NYSE:C), JPMorgan (NYSE:JPM), PNC Financial (NYSE:PNC) and Wells Fargo (NYSE:WFC) – all reporting Friday.

Q2 earnings growth is tipped to be 20.7% according to Thomson Reuters data, moderating slightly from a gain of 26.6% the first-quarter, which was the highest in seven years, when results were boosted by tax-cut tailwinds.

However, the season is being clouded by trade tensions and their impact on corporate profits, with analysts likely to scrutinize outlook statements to see whether to adjust numbers for the rest of 2018.

3. Dollar Bounces Back Ahead Of More Jobs Data

Away from equities, the dollar bounced back from three-week lows against a currency basket, as traders looked ahead to a fresh batch of U.S. economic data to gauge the health of the world’s largest economy.

The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, was up 0.3% to 94.07, after falling to as low as 93.44 a day earlier, its lowest since mid-June.

Against the yen, the dollar rose above the 111-handle for the first time since last Tuesday, with USD/JPY last up 0.3% at 111.17.

Meanwhile, in the bond market, U.S. Treasury prices edged lower, pushing yields higher across the curve, with the 10-year Treasury yield inching up to 2.865%.

Today’s economic calendar will bring investors the May report on job openings, which comes after Friday’s strong June jobs report showed the economy created more jobs than expected.

The NFIB’s latest small business optimism report is also out Tuesday morning. Economists predict a drop to 105.6 in June from 107.8 in May.

On the Federal Reserve front, no Fed officials are expected to give speeches on Tuesday.

4. Oil Prices Extend Gains

Oil prices rose again, with Brent crude leading the way amid yet another potential supply disruption scenario, this time in Norway.

Hundreds of workers on Norwegian oil and gas offshore rigs are due to on strike on Tuesday after rejecting a proposed wage deal, a move which will likely affect the production of at least one field, Shell (LON:RDSa)’s Knarr.

The news comes as traders are already fretting over production disruptions in Libya and Venezuela and expectations for big declines in Iranian exports as a result of U.S. sanctions.

Brent crude jumped $1.07, or roughly 1.4%, to $79.15 per barrel, following a 1.2% climb on Monday.

U.S. West Texas Intermediate crude futures were up 45 cents, or 0.6%, at $74.31.

The American Petroleum Institute is due to release its weekly report for the week ended July 6 at 4:30PM ET, amid forecasts for an oil-stock drop of around 4.2 million barrels.

5. China To Raise Tariff Rates For Some U.S. Optical Fiber Products

China’s commerce ministry said earlier it is raising “anti-dumping tariff rates” for some optical fiber products originating from the United States, effective on Wednesday, July 11.

The new anti-dumping tariff rates for dispersion unshifted single-mode optical fiber imported from the U.S. range between 33.3% to 78.2%, compared with 4.7% to 18.6% as set in 2011.

U.S. companies including Corning (NYSE:GLW), OFS Fitel, and Draka Communications Americas are among firms affected by the tariff change, the ministry said on its website.

Concerns over the escalation of the U.S.-China trade dispute have eased somewhat this week, despite new trade tariffs that came into effect last Friday.