World Markets Mostly Fall Friday       08/14 04:47

   Shares declined Friday in Europe after a mixed session in Asia and U.S. 
futures were little changed after U.S. inflation data showed a 
better-than-expected improvement in July.

   BANGKOK (AP) -- Shares declined Friday in Europe after a mixed session in 
Asia and U.S. futures were little changed after U.S. inflation data showed a 
better-than-expected improvement in July.

   Oil prices resumed climbing after slipping 2% a day earlier.

   Britain's FTSE 100 fell 0.3% to 10,744.31 after Nigel Farage regained the 
seat in Parliament he quit a month ago, beating trash-can wearing comic 
candidate Count Binface in a widely mocked special election.

   In Germany, the DAX rose 0.5% to 26,442.54, while the CAC 40 in Paris edged 
less than 0.1% lower to 8,648.48.

   The future for the S&P 500 edged 0.1% higher while that for the Dow Jones 
Industrial Average was down 0.1%.

   Tokyo's Nikkei 225 index gained 0.6% to 68,713.80, while the Kospi in South 
Korea rose 2.4% to 6,977.94.

   In Hong Kong, the Hang Seng lost 1.1% to 25,116.85. The Shanghai Composite 
index was nearly unchanged at 3,927.18.

   Australia's S&P/ASX 200 slipped 0.8% to 9,115.20.

   Taiwan's Taiex lost 0.5% and the Sensex in India fell 0.2%.

   On Thursday, the S&P 500 rose 0.7% to an all-time high close of 7,798.99. 
The Dow Jones Industrial Average added 0.1% to 53,839.99, and the Nasdaq 
composite climbed 0.8% to 26,803.03.

   Investors were relieved by a report that showed prices at the U.S. wholesale 
level were 4.7% higher last month than a year earlier. While that is more 
painful than anyone would like, it's not as bad as June's 5.5% inflation rate 
at the wholesale level, and it was slightly better than economists expected.

   If inflation continues to trend that way, the Federal Reserve could decide 
to hold off on hikes to interest rates. Higher rates would help keep a lid on 
inflation, but they do so by intentionally slowing the economy and making it 
more expensive for everyone to borrow money.

   "The disinflation ducks are starting to line up, and with oil also backing 
off, the market has steadily stripped away the case for another near-term Fed 
hike," Stephen Innes of SPI Asset Management said in a commentary.

   Any increase by the Fed would be the first in more than three years. It also 
could anger U.S. President Donald Trump, who has been lobbying for lower 
interest rates.

   Oil prices resumed climbing early Friday, with Brent crude, the 
international standard, gaining 1% to $87.96 per barrel.

   It's been swinging sharply recently, zinging between $72 and $102 in July as 
hopes rose and fell that Trump could get a deal with Iran that might allow oil 
tankers to freely exit the Middle East through the Strait of Hormuz.

   U.S. benchmark crude surged 1.7% to $82.60 per barrel.

   A summertime holiday lull has slowed trading, but worries over oil supplies 
persist.

   Clashes between Iran-backed Houthi rebels and government forces in Yemen 
have raised fears that the country's civil war could reignite and open another 
front in the Middle East.

   In other dealings early Friday, the U.S. dollar fell to 159.16 Japanese yen 
from 159.50 yen. The euro rose to $1.1556 from $1.1530.