Global shares mixed as inflation, energy supplies weigh on growth ...Middle East

Business Standard - Economy
source : Business Standard ( Middle East ) () 34
Shares declined Tuesday in Europe after an upbeat session in Asia, while Wall Street futures slipped ahead of the reopening of U.S. markets from the Independence Day holiday. Benchmarks also fell in Paris, London, Frankfurt and Shanghai. But stocks gained in Tokyo, Seoul and Hong Kong. The war in Ukraine and its impact on energy supplies are casting a shadow over the global economic outlook at a time when central banks are raising interest rates to slow inflation. The International Energy Agency said in a report Tuesday that high prices for natural gas and supply fears due to the war in Ukraine will crimp economic activity, slowing the growth in demand in coming years. The Paris-based agency

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