- China offers $325 bn in fiscal stimulus for ailing economy
- Small Quebec company dominates one part of NHL hockey: jerseys
- Boeing to cut 10% of workforce as it sees big Q3 loss
- Want to film in Paris? No sexism allowed
- US, European markets rise as investors weigh rates, earnings
- In Colombia, children trade plastic waste for school supplies
- JPMorgan Chase profits top estimates, bank sees 'resilient' US economy
- Little progress at key meet ahead of COP29 climate summit
- 'Party atmosphere': Skygazers treated to another aurora show
- Kyrgyzstan opens rare probe into glacier destruction
- European Mediterranean states discuss Middle East, migration
- Thunberg leads pro-Palestinian, climate protest in Milan
- Stock markets diverge before China weekend briefing
- EU questions shopping app Temu over illegal products risk
- Han Kang's books sell out in South Korea after Nobel win
- Shanghai markets sink ahead of briefing on mixed day for Asia
- Investors, analysts eye bigger China stimulus at Saturday briefing
- Musk unveils robotaxi, pledges it 'before 2027'
- At least 11 dead in Florida but Hurricane Milton not as bad as feared
- Asian markets mixed after Wall St drop, Shanghai dips before briefing
- Automaker Stellantis says CEO will retire in 2026
- Musk's promised robotaxi unveil delayed
- On US coast, wind power foes embrace 'Save the Whales' argument
- 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
Stocks mostly rise as crisis fears ease further
Asian and European stock markets mostly rose Tuesday, as fears of a banking crisis eased further.
World oil prices also advanced as demand jitters receded, while the dollar sagged versus the euro and yen.
"Stocks are trying to find a new equilibrium as bank stresses ease," noted SPI Asset Management analyst Stephen Innes.
Most equity markets had advanced Monday as banks shares jumped after US lender First Citizens bought most of collapsed rival Silicon Valley Bank (SVB).
The gains followed last week's rout over concerns that the turmoil in the sector -- which sparked the UBS takeover of Credit Suisse -- could hit other major institutions, such as German giant Deutsche Bank.
- 'All about confidence' -
Investors hope "the banking crisis which has bedevilled the markets for much of March might be starting to ease", said Russ Mould, investment director at stockbroker AJ Bell.
"It's all about confidence right now -- and anything which reassures shareholders, creditors and depositors that their money is safe with the banks is one step further away from the carnage which claimed SVB and Credit Suisse."
And while markets have responded positively to the measures implemented by authorities to shore up the commercial banking sector, there are still concerns about the impact of ongoing rate hikes by central banks, especially the US Federal Reserve.
Despite the recent turmoil, many central banks have pushed on with monetary tightening as they focus on fighting inflation.
Bank of England governor Andrew Bailey, whose institution ramped up interest rates last week, sounded a note of caution over banking-sector upheaval.
"We are very vigilant. We are in a period of tension, tightness and alertness," he told a parliamentary committee on Tuesday.
He added: "My very strong view about the UK banking system is that it is in a strong position, both capital and liquidity wise. It is not showing signs of problems in that respect and we have tested very extensively."
- Key figures around 1140 GMT -
London - FTSE 100: UP 0.2 percent at 7,489.47 points
Frankfurt - DAX: UP 0.2 percent at 15,160.07
Paris - CAC 40: UP 0.3 percent at 7,096.21
EURO STOXX 50: UP 0.2 percent at 4,174.09
Tokyo - Nikkei 225: UP 0.2 percent at 27,518.25 (close)
Hong Kong - Hang Seng Index: UP 1.1 percent at 19,784.65 (close)
Shanghai - Composite: DOWN 0.2 percent at 3,245.38 (close)
New York - Dow: UP 0.6 percent at 32,432.08 (close)
Euro/dollar: UP at $1.0825 from $1.0803 on Monday
Pound/dollar: UP at $1.2298 from $1.2289
Euro/pound: UP at 88.03 pence from 87.88 pence
Dollar/yen: DOWN at 131.00 yen from 131.56 yen
Brent North Sea crude: UP 0.6 percent at $78.55 per barrel
West Texas Intermediate: UP 0.6 percent at $73.22 per barrel
A.Zimmermann--CPN