Global shares are trading mostly lower after Wall Street recovered some losses from the day before. Benchmarks fell in early Thursday trading in France, Germany and Britain. U.S. futures are also slipping. Japan's benchmark Nikkei momentarily reached a new record high in early trading but later finished lower. Shares also declined in Hong Kong and Shanghai. Federal Reserve Chair Jerome Powell said again that cuts interest rates may be coming later this year, but the Fed needs more data showing inflation is cooling. Oil prices fell. Investors are also watching signs from the European Central Bank, where the Governing Council is concluding its policy meeting.
