MILAN/SHANGHAI—World shares were mixed on Thursday on persistent concerns over slowing economic growth and after the latest U.S. Federal Reserve minutes confirmed its intent to tighten monetary policy quickly.
While Wall Street rallied after the minutes, which showed a majority of policymakers backed 50-basis-points rate hikes in June and July along with a unanimous view the economy was strong, the mood in Europe and Asia was more subdued.
The pan-European STOXX 600 equity benchmark rose 0.2 percent in morning trade, while MSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.3 percent.
That left the MSCI’s benchmark for global stocks little changed around 630 points by 0834 GMT. The index is off the November 2020 lows hit earlier this month but still down more than 16 percent so far in 2022….