Global stocks mixed after Fed chair backs smaller rate hike
ABC News
Global stock markets are mixed and oil prices climbed after the head of the Federal Reserve said he supports a smaller rise in interest rates than some expected
BEIJING -- Global stock markets were mixed Thursday and oil prices jumped another $5 per barrel after the head of the Federal Reserve said he supports a smaller rise in interest rates than some expected.
London and Tokyo advanced while Paris and Frankfurt slipped as Russian forces whose attack on Ukraine has roiled financial markets bombarded the country’s second-largest city and besieged two ports.
Fitch Ratings and Moody's Ratings cut Russia’s credit rating Thursday, saying the invasion and Western sanctions have hurt Moscow’s ability to repay debts and raised risks for the economy and stability.
In early trading, the FTSE 100 in London lost 0.1% to 7,420.78 and Frankfurt’s DAX shed 0.7% to 13,900.03. The CAC in Paris slipped 0.2% to 6,482.94.