Asian markets were flat as oil began clawing its way back up from a big drop after the IMF downgraded its global growth forecastEuropean stocks rose Wednesday but gains were capped as Russia continued its new offensive in eastern Ukraine, dealers said.Frankfurt won 0.9 percent and Paris added 1.2 percent, aided by news of a return to growth in eurozone industrial output in February.
Share price gains were"a continuation of the volatile but ultimately directionless markets we have become so accustomed to", he cautioned. Europe equities and oil dropped Tuesday as Moscow launched its eastern offensive and after the International Monetary Fund slashed its global economic growth forecasts.