Skip to Content
AP National Business

Global shares mixed amid inflation, oil price worries

<i></i><br/>
KMIZ

By
Published 3:15 AM

By YURI KAGEYAMA
AP Business Writer

TOKYO (AP) — Global shares are mixed as worries about inflation set off expectations the U.S. Federal Reserve might accelerate its plans to raise interest rates. Benchmarks in France, Britain and Germany are higher in early trading. Shares fell in Japan, Australia and South Korea. The Fed will release minutes later in the day from its October interest-rate meeting, potentially giving investors more details on plans to start trimming bond purchases. On Tuesday, President Joe Biden ordered 50 million barrels of oil released from the nation’s strategic reserve to bring down energy costs, in concert with other big oil-consuming nations. 

Article Topic Follows: AP National Business

Jump to comments ↓

Associated Press

BE PART OF THE CONVERSATION

ABC 17 News is committed to providing a forum for civil and constructive conversation.

Please keep your comments respectful and relevant. You can review our Community Guidelines by clicking here

If you would like to share a story idea, please submit it here.

Skip to content