European shares slip as Russian mobilisation rachets up uncertainty ahead of Fed

Russian President Vladimir Putin ordered a partial mobilisation of its 2 million-strong military reserves, in a significant escalation of the conflict in Ukraine. This is Moscow’s first mobilisation since World War Two.The Fed is seen raising its benchmark lending rate by 75 basis points (bps) later in the day, continuing its aggressive fight against persistently high inflation. Some traders also expect the U.S. central bank to increase rates by a full percentage point.