London, Frankfurt, Hong Kong and Wall Street futures advanced. Shanghai declined. Markets in Japan and South Korea were closed for holidays. Oil prices advanced.
In early trading, the FTSE 100 in London rose 0.4% to 7,733.23. The DAX in Frankfurt gained 0.3% to 15,785.07 and the CAC 40 in Paris added 0.4% to 7,368.51. Shares of PacWest Bancorp, a target of investor scrutiny, tumbled 50.6%. The bank said it was considering options and has been approached by potential partners and investors.
On Wednesday, the Fed raised its key overnight rate to a range of 5% to 5.25% from close to zero early last year. A report Thursday showed the number of U.S. workers filing for unemployment last week accelerated a bit more than expected.
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Stock market today: Markets slip after latest Fed rate hikeStocks dipped Wednesday after the U.S. Federal Reserve announced its latest hike to interest rates but said it's not sure what may come next.
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Stock market today: Asian markets higher after US rate hikeAsian stock markets were mostly higher Thursday after the Federal Reserve raised its benchmark lending rate again to cool inflation and said it wasn't sure what may come next.
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