World shares are mixed and Brent crude is higher after worries over stagflation pull US stocks lower

Global markets showed mixed performance on Monday after U.S. stocks retreated following a weaker economic report and worries over stagflation. European indices displayed varied results, while Asian markets saw gains in Hong Kong and Shanghai, despite the S&P/ASX 200 slipping. Brent crude rose by 0.4% to $88.84 per barrel, contrasting with declines in U.S. benchmark crude.