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Global stocks mixed after West vows more Russia sanctions

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Global stock markets were mixed Friday after Western governments promised new sanctions on Russia and President Vladimir Putin tried to prop up Moscow's sinking ruble by threatening to require Europe to use it to pay for gas exports.

London and Shanghai declined while Tokyo gained and Frankfurt was little-changed. Oil fell but stayed above US$110 per barrel.

Putin threatened to require European customers that rely on Russia gas supplies to pay in rubles. That would increase demand for the Russian currency, pushing up an exchange rate that has slumped under sanctions. In early trading, the FTSE 100 in London fell 0.2% to 7,454.92 and the DAX in Frankfurt was off less than 0.1% at 14,267.95. The CAC in Paris sank 0.1% to 6,550.00.

India's Sensex lost 0.8% to 57,152.53. New Zealand, Singapore and Bangkok advanced while Jakarta declined.

 

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