World Shares Mixed after Oil Climbs Back above $100

  • Date: 18-Mar-2022
  • Source: Asharq AL-awsat
  • Sector:Financial Markets
  • Country:Gulf
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World Shares Mixed after Oil Climbs Back above $100

Shares have opened lower in Europe after gains for most Asian benchmarks as oil prices hovered above $100 per barrel.

Stocks rose in Tokyo and Shanghai but fell in Paris, Frankfurt and London. US futures were lower.

Ukrainian President Volodymyr Zelenskyy called for more help for his country after days of bombardment of civilian sites in multiple cities over the past few days, The Associated Press said.

The war, and plans for President Joe Biden to speak with Chinese President Xi Jinping later Friday were among the uncertainties overhanging markets.

The White House said the conversation will center on “managing the competition between our two countries as well as Russia’s war against Ukraine and other issues of mutual concern.”

Germany's DAX slipped 0.3% to 14,357.48 and the CAC 40 in Paris lost 0.5% to 6,583.42. Britain's FTSE 100 lost 0.2% to 7,368.02. The futures for the S&P 500 and Dow industrials were 0.4% lower.

Wrapping up a two-day meeting, the Bank of Japan opted to keep its monetary policy unchanged, with its benchmark interest rate at minus 0.1%. Japan's central bank has been keeping interest rates ultra low and pumping tens of billions of dollars into the world's third largest economy for years, trying to spur