The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, July 22, 2020. REUTERS/Staff
FILE - The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, July 22, 2020.

Global markets are mostly higher Thursday despite rising new cases of COVID-19 and worsening ties between the United States and China. 

Asian markets ended the trading day with mixed results.  Hong Kong’s Hang Seng index closed 0.8% higher, while the Shanghai Composite index was 0.2% lower. 

Sydney’s S&P/ASX index gained 0.3%.  The KOSPI index in Seoul fell 0.5%, Taipei’s TSEC index dropped 0.4%, and Mumbai’s Sensex was 0.7% higher.  

The Nikkei index in Tokyo is closed Thursday and Friday for a national holiday. 

The outlook is far better in Europe at the midday point of the trading day.  The FTSE in London is up 0.5%, the CAC-40 in Paris is 0.4% higher, and Frankfurt’s DAX index is up 0.5%. 

Oil markets continue to struggle Thursday.  U.S. crude is trading at $41.80 per barrel, down 0.2%, and the international benchmark Brent crude is also 0.2% lower, selling at $44.19 per barrel.   

The Dow Jones, S&P 500 and the NASDAQ are all trending positively in futures trading ahead of Wall Street’s opening bell.