World shares mixed, oil prices gain as EU, U.S. mull sanctions

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World shares mixed, oil prices gain as EU, U.S. mull sanctions
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World shares were mixed and oil prices rose Tuesday as Western governments considered more sanctions against Moscow in response to evidence Russian soldiers deliberately killed civilians.

Benchmarks rose in Frankfurt, Tokyo and Sydney but fell in Paris and London. Many Asian markets including those in China were closed for holidays.

European leaders have appeared split over how to respond to the latest developments Ukraine. French President Emmanuel Macron said new punitive measures were needed. Poland urged Europe to quickly wean itself off Russian energy, while Germany said it would stick with a gradual approach of phasing out coal and oil imports over the next several months.

Germany's DAX gained 0.1% to 14,536.78, while the CAC 40 in Paris lost 0.6% to 6,689.80. Britain's FTSE 100 shed 0.2% to 7,545.38. The futures for the S&P 500 and the Dow industrials slipped 0.2%. Chinese markets were closed for Tomb Sweeping holidays, but many in the largest city, Shanghai, were under lockdowns due to a worsening coronavirus outbreak.

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