- Oil prices hit by easing Middle East fears, most Asian markets rise
- Hopes pinned on peace across Taiwan Strait after drills
- Belgian pathologist and literary star gives 'voice to the dead'
- East Timor fights new battles 25 years after independence vote
- Oil prices drop on easing fears over Middle East, most markets rise
- Reoxygenating oceans: startups lead the way in Baltic Sea
- King Charles III heads to Australia and Commonwealth meeting
- Wall Street stocks hit fresh records as oil prices slide
- Strike-hit Boeing leaves experts puzzled by strategy
- NASA launches probe to study if life possible on icy Jupiter moon
- EVs seek to regain sales momentum at Paris Motor Show
- NASA probe Europa Clipper lifts off for Jupiter's icy moon
- 'Unsustainable' housing crisis bedevils Spain's socialist govt
- Stocks shrug off China disappointment but oil slides
- Stocks diverge, oil retreats as China disappoints markets
- Trio wins economics Nobel for work on wealth inequality
- Ex-Stasi officer jailed over 1974 Berlin border killing
- Shanghai stocks gain after stimulus briefing as markets rally
- Shanghai stocks gain after stimulus briefing as Asian markets rally
- Nearly 90, but opera legend Kabaivanska is still calling tune
- With inflation down, ECB eyes faster tempo of rate cuts
- Is life possible on a Jupiter moon? NASA goes to investigate
- Ex-Stasi officer faces verdict over 1974 Berlin border killing
- Role of government, poverty research tipped for economics Nobel
- In milestone, SpaceX 'catches' megarocket booster after test flight
- In a first, SpaceX 'catches' megarocket booster after test flight
- Bangladeshi Hindus shrug off attack worries to celebrate festival
- Ubisoft fears assassin's hit over falling sales
- Vietnam, China hold talks on calming South China Sea tensions
- SpaceX will try to 'catch' giant Starship rocket shortly before landing
- Japan's former empress Michiko discharged after surgery: reports
- Japan's former empress Michiko discharged after surgey: reports
- 'Little Gregory' murder haunts France 40 years on
- Tariffs, tax cuts, energy: What is in Trump's economic plan?
- Amazon wants to be everything to everyone
- Jewish school in Canada hit by gunfire for second time
- With medical report Harris seeks to play health card against Trump
- China-EU EV tariff talks in Brussels end with 'major differences': Beijing
- Buried Nazi past haunts Athens on liberation anniversary
- Harris to release medical report confirming fitness for presidency: campaign
- Nobel prize a timely reminder, Hiroshima locals say
- 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
Global stocks mostly rise as market digests China inflation data
Global stocks mostly advanced Monday ahead of key US inflation data and after a drop in China's producer prices pointed to more weakness in the world's second biggest economy.
After a choppy session, Wall Street indices scored modest gains, following on the heels of an advance in Europe, where equities were boosted by a drop in bond yields.
"There is a bit of indecision," said Angelo Kourkafas of Edward Jones, describing a "waiting game" for Wednesday's US consumer price index data, a key input for Federal Reserve policy.
Kourkafas said Wall Street was still in a "digestion" phase following the strong first half of 2023, but noted that stocks could be poised for further gains if US economic data remains good.
Chinese consumer inflation flattened last month and producer prices sank, indicating the Asian giant's economy continues to struggle.
Stock traders were looking at the inflation data as increasing pressure on Beijing to step up measures to support its economy.
"Those inflation reports, and worries about deflation, have fueled speculation that China will soon announce additional policy stimulus measures," said Patrick O'Hare at Briefing.com.
The anemic inflation data countered optimism over tech-sector developments in China.
After a years-long probe, Ant Group has been hit with a near $1 billion penalty for "illegal acts," while Tenpay was ordered to pay more than $400 million.
Analysts said that while the figures were big, traders were cheered by the prospect that the firms could again concentrate on their businesses.
In a statement, the China Securities Regulatory Commission said "at present, most of the outstanding problems in the financial business of platform enterprises have been rectified."
The news, announced Friday, sent the New York-listed shares of Alibaba and Tencent surging, and their Hong Kong stocks followed suit Monday.
"The market likes it because scrutiny looks likely to be over and the fine, though big in absolute terms, is very manageable for such a big company," said Vey-Sern Ling at Union Bancaire Privee, referring to Ant.
The surge in market heavyweight tech firms lifted the Hang Seng Index more than two percent at the open Monday before closing up 0.62 percent, and there were also gains in Shanghai, but Tokyo closed lower.
Besides the consumer price data, this week's US calendar includes reports from JPMorgan Chase and other large banks, as well as from Delta Air Lines and PepsiCo.
- Key figures around 2100 GMT -
New York - Dow: UP 0.6 percent at 33,944.40 (close)
New York - S&P 500: UP 0.2 percent at 4,409.53 (close)
New York - Nasdaq: UP 0.2 percent at 13,685.48 (close)
London - FTSE 100: UP 0.2 percent at 7,273.79 (close)
Frankfurt - DAX: UP 0.5 percent at 15,673.16 (close)
Paris - CAC 40: UP 0.5 percent at 7,143.69 (close)
EURO STOXX 50: UP 0.5 percent at 4,256.51 (close)
Tokyo - Nikkei 225: DOWN 0.6 percent at 32,189.73 (close)
Hong Kong - Hang Seng Index: UP 0.6 percent at 18,479.72 (close)
Shanghai - Composite: UP 0.2 percent at 3,203.70 (close)
Euro/dollar: UP at $1.1006 from $1.0967 on Friday
Pound/dollar: UP at $1.2859 from $1.2839
Dollar/yen: DOWN at 141.33 yen from 142.21 yen
Euro/pound: UP at 85.53 pence from 85.42 pence
West Texas Intermediate: DOWN 1.2 percent at $72.79 per barrel
Brent North Sea crude: DOWN 1.0 percent $77.69 per barrel
burs-jmb/sst
H.Meyer--CPN