World shares mixed and oil prices retreat after the latest flare in Iran tensions
World shares were mixed on Tuesday after US stocks retreated from record highs, while oil prices fell back after rising earlier on escalating tensions in the conflict between the US and Iran. Australia's central bank raised its benchmark interest rate to 4.35%, citing increased fuel and commodity prices due to the Middle East conflict.
Global shares were mixed on Tuesday following losses on Wall Street. Oil prices retreated after earlier gains due to escalating US-Iran tensions. In early European trading, Britain's FTSE 100 fell 0.8%, while France's CAC 40 and Germany's DAX gained 0.6% and 1%, respectively. Australia's S&P/ASX 200 lost 0.2% after the central bank raised interest rates to 4.35%, citing increased fuel and commodity prices. The Reserve Bank of Australia said inflation for the year through March was 4.6%. Brent crude fell $2.30 to $112.14 per barrel, and benchmark US crude slipped $3.08 to $103.34 per barrel.
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