1 month ago
Metro US
BANGKOK (AP) — Shares advanced in Europe after a mixed session Thursday in Asia as uncertainty persists over interest rates and inflation. Benchmarks rose in Paris, London, Shanghai and Hong Kong but fell in Tokyo, Seoul and Sydney. The Fed has been saying that it plans to hike interest rates a couple more times and then hold them at a high level at least through the end of the year. Williams warned that interest rates may need to go higher if stock prices rally and bond yields fall too much, among other loosening financial conditions, because that could drive inflation higher. Brent crude, the pricing basis for international trading, advanced 8 cents to $85.17 per barrel.
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