World shares mixed after Wall St gain as markets eye Ukraine

By JOE McDONALD
AP Business Writer

BEIJING (AP) — World shares are mixed after Wall Street’s biggest weekly gain in 16 months as investors watch efforts to negotiate an end to Russia’s war on Ukraine. U.S. crude oil gained $4 a barrel. Benchmarks rose in Paris, London and Frankfurt but most major Asian markets declined. Japanese markets were closed for a holiday. Wall Street’s S&P 500 index rose 1.2% on Friday after investors appeared to welcome the Federal Reserve’s attempt to fight surging inflation by raising its key interest rate. Investors watched efforts to mediate a settlement to Russia’s attack, which has pushed up oil prices and added to uncertainty about the global economic outlook.