- At least 10 dead in Florida after Hurricane Milton spawns tornadoes
- Internet Archive reels from 'catastrophic' cyberattack, data breach
- Wall Street stocks retreat from records on US inflation data
- Israel strikes central Beirut, killing 22
- Solar storm could impact US hurricane recovery efforts: agency
- Delta eyes Election Day travel pullback as profits climb
- Florida battered by hurricane, floods but spared 'worst-case scenario'
- UK's William and Kate in first joint public engagement since cancer treatment
- Over 200 women in legal talks with Harrods over Fayed abuse claims
- A very stiff breeze: BBC says sorry for 20,000 kph wind forecast
- Musk finally unveiling his long-promised robotaxi
- London's Frieze art fair goes potty for ceramics
- US, Europe stocks fall on US inflation data
- US consumer inflation eases to 2.4% in September
- Hurricane Milton tornadoes kill four in Florida amid rescue efforts
- South Korea's Han Kang wins literature Nobel
- Ikea posts fall in annual sales after lowering prices
- Stock markets diverge, oil gains after China rebounds
- World can't 'waste time' trading climate change blame: COP29 hosts
- South Korean same-sex couples make push for marriage equality
- Mumbai declares day of mourning for Indian industrialist Ratan Tata
- 7-Eleven owner restructures to fight takeover
- Sri Lanka recovering faster than expected: World Bank
- Hong Kong, Shanghai rally as most markets track Wall St record
- Uniqlo owner reports record annual earnings
- Hong Kong, Shanghai rally as markets track Wall St record
- Indonesia biomass drive threatens key forests: report
- Mumbai mourns Indian industrialist Ratan Tata
- China opens $71 bn 'swap facility' to boost markets
- Asian markets track Wall St record as Hong Kong, Shanghai stabilise
- 'Denying my potential': women at Japan's top university call out gender imbalance
- China's central bank says opens up $70.6 bn in liquidity to boost market
- Youth facing unprecedented wave of violence, UN envoy warns
- 'A casino in every kitchen': Brazil's online gambling craze
- Nobel chemistry winner sees engineered proteins solving tough problems
- Discord seen as online home for renegades
- US forecasts severe solar storm starting Thursday
- Ratan Tata: Indian mogul who built a global powerhouse
- One dead as storm Kirk tears through Spain, Portugal, France
- Indian business titan Ratan Tata dead at 86
- Fed minutes highlight divisions over rate cut decision
- Steve McQueen debuts new WWII film at London festival
- Nobel winners hope protein work will spur 'incredible' breakthroughs
- What are proteins again? Nobel-winning chemistry explained
- AI steps into science limelight with Nobel wins
- Overshooting 1.5C risks 'irreversible' climate impact: study
- Demis Hassabis, from chess prodigy to Nobel-winning AI pioneer
- Global stocks diverge as Chinese shares tumble
- Time runs out in Florida to flee Hurricane Milton
- Chad issues warning ahead of more devastating floods
Europe stocks rebound after sinking on US rate hike fears
European equities rebounded Monday after sinking last week on renewed fear of more aggressive US interest rate hikes, dealers said.
London gained 0.8 percent nearing midday, while Frankfurt and Paris stocks won about 1.5 percent in early afternoon eurozone deals.
Oil prices nudged lower Monday on concern over the demand outlook in top energy consumer the United States.
"Investors shrugged off the inflation and interest rate concerns which bedevilled markets last week," said investment director Russ Mould at stockbroker AJ Bell.
"This went against the prevailing mood in Asia which followed in the footsteps of the United States in seeing material declines."
Asian indices sank after a pre-weekend selloff in Europe and on Wall Street, as forecast-beating US inflation data reinforced expectations the Federal Reserve would continue to ramp up interest rates for some time.
The personal consumption expenditures price index followed bright jobs figures and other data showing prices coming down slower than hoped.
This month's news has wiped out optimism that the Fed will be able to soon pause its monetary tightening and possibly cut borrowing costs before the end of the year.
Traders will be keeping a close eye on further comments from bank officials this week.
Some officials have already suggested they are open to hiking by 50 basis points at the next gathering, and several said they saw room for further tightening after Friday's data release.
"The clouds of uncertainty remain with us -- the market's consensus view that inflation would head lower through the year has clearly been challenged," Chris Weston of Pepperstone Group said in a note.
The prospect of more Fed rate hikes sent the dollar surging against its peers Friday and it held those gains in Asian business, sitting at a two-year high versus the yen.
Adding to the yen's weakness were comments Friday from the man expected to take over as head of the Bank of Japan indicating he will maintain an ultra-loose monetary policy for now.
That came even as data showed Japanese inflation at a four-decade high.
- Key figures around 1145 GMT -
London - FTSE 100: UP 0.8 percent at 7,944.88 points
Frankfurt - DAX: UP 1.5 percent at 15,435.81
Paris - CAC 40: UP 1.6 percent at 7,299.08
EURO STOXX 50: UP 1.8 percent at 4,253.34
Tokyo - Nikkei 225: DOWN 0.1 percent at 27,423.96 (close)
Hong Kong - Hang Seng Index: DOWN 0.3 percent at 19,943.51 (close)
Shanghai - Composite: DOWN 0.3 percent at 3,258.03 (close)
New York - Dow: DOWN 1.0 percent at 32,816.92 (close)
Dollar/yen: DOWN at 136.23 yen from 136.48 yen on Friday
Euro/dollar: UP at $1.0561 from $1.0548
Pound/dollar: UP at $1.1976 from $1.1944
Euro/pound: DOWN at 88.19 pence from 88.31 pence
Brent North Sea crude: DOWN 0.5 percent at $82.75 per barrel
West Texas Intermediate: DOWN 0.2 percent at $76.17 per barrel
O.Ignatyev--CPN