Global shares mixed amid rate hike, Covid-19, oil price worries
World shares were mixed Thursday, with European benchmarks opening higher after a broad decline in Asia.
Oil prices fell by more than $2 a barrel ahead of a meeting of OPEC set for later in the day. Oil-producing nations are expected to decide on output targets in their first meeting since Europe set sanctions on Russian crude.
The Financial Times reported Saudi Arabia has indicated to western allies it could raise production to cover any substantial fall in Russian production.
Supply bottlenecks would persist, Jeffrey Halley of Oanda said in a commentary, but it would be a rare piece of good news for the global economy and the inflation fight”.
