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Global shares mixed as Japan 'tankan' shows weaker outlook

Summary

Global shares were trading mixed Friday as a resurgence of Russian attacks dashed hopes for any quick end to the war in Ukraine.
France’s CAC 40 added nearly 0.2% in early trading to 6,670.87, while Germany’s DAX rose 0.2% to 14,439.41.
Britain’s FTSE 100 gained 0.3% to 7,540.21. The futures for the Dow industrials and S&P 500 were 0.4% higher.
The Bank of Japan’s closely watched quarterly gauge of business sector sentiment, the tankan, showed the benchmark indicator for large manufacturers dropped for the first time in seven quarters, losing three points from a survey in December to 14 points from 17 points.
The war in Ukraine, coming on top of supply chain disruptions at top manufacturers caused by COVID-19 restrictions and growing worries about inflation, especially soaring energy costs, are clouding the outlook for already fragile growth in the world’s third-largest economy.
The war is the biggest single factor weighing on markets, analysts say. Ukrainian President Volodymyr .

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