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Evening Standard
Evening Standard
Business
City Staff

FTSE 100 Live: US rates to jump, oil rises as EU sanctions Russia, new boss at Aston Martin

The focus of global stock markets is on the Federal Reserve ahead of the biggest hike in US interest rates in over two decades.

Wall Street has already priced in the half a percentage point increase in the Fed funds rate to an upper limit of 1%, meaning attention will be on the guidance for future rises as the US attempts to get inflation back on track.

In today’s corporate news, Aston Martin Lagonda is in the spotlight after announcing first quarter results and the replacement of chief executive Tobias Moers with former Ferrari boss Amedeo Felisa.

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