TOKYO—Global shares were mixed Tuesday amid speculation about another interest rate raise by the U.S. Federal Reserve.
Benchmarks in Asia finished lower in Japan, Australia, South Korea, and China, but European indexes were mixed, rising in France and Germany while falling in Britain. Oil prices rose.
France’s CAC 40 added 0.2 percent in early trading to 6,391.76. Germany’s DAX rose 0.3 percent to 13,265.61. Britain’s FTSE 100 fell 0.4 percent to 7,503.25. U.S. shares were set to drift higher with Dow futures up 0.3 percent at 33,145.00. S&P 500 futures were up 0.3 percent at 4,153.25.
Investors are grappling with uncertainty over when the highest U.S. inflation in decades will ease significantly, how much the U.S. Fed will have to raise interest rates in order to get it under control, and how much the rate hikes will slow the economy….