A person walks in front of an electronic stock board showing Japan's Nikkei index at a securities firm Thursday, Jan. 15, 2026, in Tokyo. (AP Photo/Eugene Hoshiko)2026-01-23T05:15:33Z European shares were mixed after Asian markets advanced Friday as calm was restored after a tumultuous week. U.S. futures turned lower, with the contracts for the S&P 500 and the Dow industrials down 0.1%.Germanys DAX was little changed at 24,852.07, while the CAC 40 in Paris lost 0.2% to 8,129.68. Britains FTSE 100 edged 0.1% higher. In Asian trading, Tokyos Nikkei 225 picked up 0.3% to 53,846.87 after the Bank of Japan kept its key interest rate unchanged, as expected. The central bank just raised the policy rate to 0.75% in December. Wrapping up its policy meeting, it also slightly upgraded its estimates for future inflation and economic growth. The Japanese yen rose against the U.S. dollar, which was trading at 158.15 yen, up from 158.42 yen. With underlying inflation price pressures remaining firm, we expect the Bank of Japan to resume its tightening cycle in the coming months, Abhijit Surya of Capital Economics said in a commentary. Chinese markets also saw moderate gains. The Hang Seng in Hong Kong added 0.5% to 26,749.51, while the Shanghai Composite index was up 0.3%, at 4,136.16. South Koreas Kospi climbed 0.8% to 4,990.07. The benchmark had topped 5,000 for the first time on Thursday but fell back later in the day. In Australia, the S&P/ASX 200 edged 0.1% higher to 8,860.10. Taiwans Taiex jumped 0.7% and the Sensex in India fell 0.9%. On Thursday, the S&P 500 climbed 0.5%, extending its rally after U.S. President Donald Trump called off tariffs on European countries that he said opposed his calls for U.S. control of Greenland. The Dow Jones Industrial Average rose 0.6% and the Nasdaq composite gained 0.9% to 23,436.02.Details were sparse about a deal on Greenland that Trump said he reached with the head of NATO, leaving investors wary of whats to come. Its not signed yet. It was the latest example of Trump making a big, initial threat, only to pull back after a dramatic reaction in financial markets. The pattern has led to the TACO acronym, suggesting that Trump Always Chickens Out if markets react strongly enough. Tuesdays drop for the U.S. stock market was the worst since October and large enough that Trump, who often takes credit when Wall Street is doing well, acknowledged the dip. JPMorgan Chase rose 0.5% after a lawsuit filed by Trump against the bank caused minor ripples for its stock. Trump accused JPMorgan Chase of closing his accounts for political reasons after he left office in 2021.Treasury yields held relatively steady, suggesting foreign investors werent rushing out of the U.S. bond market. Yields got some support from reports on the U.S. economys strength that came in better than expected. One said fewer U.S. workers applied for unemployment benefits last week than economists expected in a potential signal that the pace of layoffs remains low. A second suggested the U.S. economy grew at a faster rate during the summer than the government initially estimated.A third said that inflation in November was close to economists expectations, while spending by U.S. consumers was a touch better than expected. Global markets have calmed following an easing of long-term Japanese government bonds, which had spiked early in the week on worries that Japans Prime Minister Sanae Takaichi might make moves that would add heavily to the governments already big debt. The 40-year Japanese government bond yield slipped back after hitting a record of more than 4%. It was trading at 3.947% early Friday. In other dealings early Friday, the price of gold rose 0.1%, remaining close to the $5,000 level. Silver gained 1.6%. Prices of such precious metals often rise when investors are looking for something safer to own in times of uncertainty. U.S. benchmark crude oil added 69 cents to $60.05 per barrel, while Brent crude, the international standard, was up 71 cents at $64.77 per barrel.The euro slipped to $1.1741 from $1.1755. ELAINE KURTENBACH Based in Bangkok, Kurtenbach is the APs business editor for Asia, helping to improve and expand our coverage of regional economies, climate change and the transition toward carbon-free energy. She has been covering economic, social, environmental and political trends in China, Japan and Southeast Asia throughout her career. twitter mailto