World Shares Slip as Markets Brace for More Rate Hikes

A trader works in front of a board displaying Germany's share index DAX at the stock exchange in Frankfurt am Main, western Germany, on Feb. 24, 2022. Daniel Roland/AFP via Getty Images

Shares opened lower in Europe after a day of declines for most Asian markets, as investors braced for another interest rate hike this week by the U.S. Federal Reserve.

Britain was observing a day of mourning for Queen Elizabeth II. Japan’s markets were closed for a holiday.