Migmg news 
LONDON: Stocks were mixed on Tuesday as dealers weighed on fears that the Federal Reserve will push interest rates higher than expected and for longer as it battles stubbornly high inflation.
Oil prices rebounded as the pound extended gains from Brexit deal changes aimed at smoothing out some trade barriers between the United Kingdom and the European Union.
Prime Minister Rishi Sunak and European Commission President Ursula von der Leyen agreed Monday on a comprehensive overhaul of trade rules in Northern Ireland, which borders EU member Ireland.
European stocks are recovering after sinking on fears of a US rate hike
Asia and Europe struggled to track overnight progress on Wall Street ahead of additional US economic data due this week.
Recent numbers showing a steady U.S. jobs market and inflation not easing as quickly as hoped spooked traders this month as they bet on more U.S. interest rate hikes, wiping out most of the the January rally of the shares.
“It wasn’t the most exciting start to the week, but that didn’t stop investors from piling into stocks on Monday in hopes that January’s data would turn out to be an anomaly,” said Oanda analyst Craig Erlam.
“That enthusiasm didn’t trickle down” until Tuesday, he added.
Chief asset management analyst Seema Shah warned it was “increasingly clear” that the Federal Reserve was “not done raising rates yet”.
“Relentless monetary tightening will eventually affect both the economy and earnings – a headwind that will inevitably renew and continue the pullback in the capital market,” she warned.
Shares in London were also lower on Tuesday due to poor results from online supermarket Ocado.
Shares in Ocado fell 7.6 percent to 577.20 pence in midday trade, at the top of declines in London, after it revealed it had doubled its losses last year as customers cut spending in response to rising prices.
Elsewhere, Frankfurt and Paris rose in early afternoon trade.
Key figures around 1220 GMT
London – FTSE 100: DOWN 0.5 percent at 7,897.90 points
Frankfurt – DAX: UP 0.2 percent at 15,405.25
Paris – CAC 40: UP 0.1 percent at 7,303.60
EURO STOXX 50: UP 0.3 percent at 4,259.93
Tokyo – Nikkei 225: UP 0.1 percent to 27,445.56 (close)
Hong Kong – Hang Seng Index: DOWN 0.8 percent at 19,785.94 (close)
Shanghai Composite: UP 0.7 percent to 3,279.61 (close)
New York – Dow: UP 0.2 percent to 32,889.09 (close)
Pound/Dollar: UP to $1.2099 from $1.2064 on Monday
EUR/GBP: DOWN at 87.69 pence from 87.94 pence
EUR/USD: UP at $1.0612 from $1.0609
USD/JPY: UP at ¥136.74 from ¥136.19
Brent North Sea crude: rose 1.3 percent to $83.48 a barrel
West Texas Intermediate: Up 1.6 percent to $76.90 a barrel
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