European markets set to climb to end volatile week, with Fed plans and Russia in focus

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European markets set to climb to end volatile week, with Fed plans and Russia in focus
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European markets are set to advance on Friday to end a volatile week as investors assess the Federal Reserve's monetary tightening and news from Ukraine.

The U.S. Congress has voted to revoke Russia's trade status and ban oil and gas imports, along with banning all new investment in the country and sanctioning President Vladimir Putin's daughters.

Volatility continues as investors assess the pace of the Fed's plans to tighten its balance sheet and hike interest rates to contain runaway inflation. LONDON — European markets are expected to advance at Friday's open to end a volatile trading week as investors assess the pace of the Federal Reserve's monetary tightening plans and news from Ukraine.

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