Global stocks mixed as oil prices jump

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Global stocks were mixed at the end of a meandering session characterised by light pre-Christmas trading volumes as oil prices were jolted higher.

Global stocks were mixed after a choppy session characterized by light pre-Christmas trading volumes.NEW YORK - Global stocks were mixed at the end of a meandering session characterised by light pre-Christmas trading volumes as oil prices were jolted higher by a Russian threat to curtail production.

Meanwhile, the personal consumption expenditures price index, eyed closely by the Federal Reserve as a gauge of inflation, increased 0.1 percent from October to November and 5.5 percent from November last year. The yen surged this week after the Bank of Japan tweaked monetary policy, in a surprise move that hinted at future rate hikes.

 

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