BANGKOK — World shares were mixed on Monday as investors cautiously awaited another interest rate hike by the Federal Reserve.
Benchmarks rose in London, Tokyo and Frankfurt but fell in Paris and Shanghai. U.S. futures edged higher while oil prices fell.
U.S. futures edged lower and oil prices also fell.
The Federal Reserve is widely expected to raise its federal funds rate on Wednesday to its highest level since 2001. Investors are hoping that might be the final increase of the tightening cycle because inflation has been cooling since last summer. The federal funds rate started 2022 at virtually zero.
Germany’s DAX edged 0.1% higher to 16,188.55. In Paris, the CAC 20 shed 0.2% to 7,418.77. Britain’s FTSE 100 was flat at 7,663.68.
The future for the S&P 500 advanced nearly 0.2% while that for the Dow Jones Industrial Average was up 0.1%. On Friday, the S&P 500 eked out a gain of less…
