Skip to Content

World shares mixed after oil climbs back above $100

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

By ELAINE KURTENBACH
AP Business Writer

BANGKOK (AP) — Shares have opened lower in Europe after gains for most Asian benchmarks.   Oil prices hovered above $100 per barrel. Stocks rose in Tokyo and Shanghai but fell in Paris, Frankfurt and London. U.S. futures were lower. Investors are juggling a raft of concerns including resurging COVID cases, the war in Ukraine and surging inflation. The Bank of Japan kept its ultra-low interest rate policy unchanged despite moves by the Federal Reserve and other central banks to boost rates to counter inflation. The S&P 500 climbed 1.2% after surging more than 2% in each of the prior two days for its best back-to-back performance in nearly two years. 

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