Global Stocks Mixed Ahead of Expected US Rate Hike

Currency traders watch monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, on July 26, 2022. Ahn Young-joon/AP Photo

BEIJING—Global stock markets were mixed Tuesday as investors braced for another sharp interest rate hike by the Federal Reserve to cool inflation.

London and Shanghai advanced while Tokyo and Frankfurt declined. Oil rose nearly $2 per barrel.