New York (AFP) - Oil prices rose while most leading global stock markets also climbed to conclude a positive week for equities despite the growing toll of Russia's attack on Ukraine and central bank moves to counter inflation.

The stock market posted narrow gains as oil prices jumped, and some retailers and metals stocks gained on earnings.

Recap: Global stock markets were muted yesterday as investors digested rising interest rates, a new upturn in oil prices and results from peace talks between Russia and Ukraine.

London (AFP) - Oil prices soared Thursday on tensions surrounding key producer Russia, as equities diverged with traders tracking also interest rate decisions and China's pledge to support volatile markets.

Australian shares rose for a third straight session on Friday as investors weighed economic consequences of the US Federal Reserve's aggressive interest rate stance.

Asian stock prices have surged for a second day after the Federal Reserve announced its first interest rate hike since 2008 and China promised support for its real estate and internet industries