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- Ferguson to leave Man Utd ambassador role as club cuts costs
- Oil prices tumble on easing Middle East fears
- Oil prices hit by easing Middle East fears, most Asian markets rise
- Hopes pinned on peace across Taiwan Strait after drills
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- East Timor fights new battles 25 years after independence vote
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- Reoxygenating oceans: startups lead the way in Baltic Sea
- King Charles III heads to Australia and Commonwealth meeting
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- 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
Markets mostly rise on hopes Fed near end of rate hike cycle
World stock markets mainly rose Friday as easing US inflation continued to spark hope of a pause to Federal Reserve rate hikes, while investors awaited key bank results on Wall Street.
The European single currency meanwhile struck $1.1245, the highest level since February 2022, and oil prices flatlined before the weekend.
Focus now turns to US corporate earnings season with big-hitting banks Citigroup, JPMorgan and Wells Fargo due to report.
"The slew of numbers we are expecting from US banks... will be very closely followed," noted Scope Markets analyst Joshua Mahony.
"One key point to watch for here will be impairments -- even though the monetary policy tightening cycle appears to be closing in on its peak, has the Fed overcooked the situation and will this now leave a lasting scar on economic performance?"
Traders meanwhile welcomed more data showing falling US inflation, giving the Fed room to bring the curtain down on more than a year of rate increases.
Global equities have been bubbling this week on hopes for an end to monetary tightening aimed at taming inflation, which was fuelled by post-Covid reopening, supply chain snarls and Russia's invasion of Ukraine.
That has come just as China pledges to introduce measures to kickstart its stuttering economy and bring an end to a painful crackdown on the huge tech sector.
Wall Street cheered news Thursday that wholesale prices rose less than expected in June. That followed Wednesday's report showing the consumer price index below forecasts.
While the CPI remains above the Fed's target, analysts said there is growing confidence that officials were winning their battle and the economy could avoid a feared recession.
US traders pushed the S&P 500 up almost one percent to its highest finish since April last year, while the Nasdaq surged more than one percent as tech firms benefit from a lower rate environment.
The upbeat mood filtered through to Asia, where Hong Kong rose for a fifth successive day thanks to a bounce in Chinese tech giants.
Shanghai, Sydney, Seoul, Singapore, Taipei, Mumbai, Bangkok, Manila and Jakarta also gained.
However, Tokyo struggled owing to a pick-up in the yen against the dollar, which has come under pressure against its peers owing to lower expectations about US rates.
In Europe, London and Paris stocks rose but Frankfurt lapsed into negative territory.
- Key figures around 1045 GMT -
London - FTSE 100: UP 0.2 percent at 7,452.12 points
Paris - CAC 40: UP 0.3 percent at 7,390.04
Frankfurt - DAX: DOWN 0.3 percent at 16,089.72
EURO STOXX 50: UP 0.2 percent at 4,399.43
Tokyo - Nikkei 225: DOWN 0.1 percent at 32,391.26 (close)
Hong Kong - Hang Seng Index: UP 0.3 percent at 19,413.78 (close)
Shanghai - Composite: FLAT at 3,237.70 (close)
New York - Dow: UP 0.1 percent at 34,395.14 (close)
Euro/dollar: UP at $1.1231 from $1.1226 on Thursday
Dollar/yen: UP at 138.46 yen from 138.03 yen
Pound/dollar: DOWN at $1.3118 from $1.3134
Euro/pound: UP at 85.62 pence from 85.47 pence
Brent North Sea crude: FLAT at $81.34 per barrel
West Texas Intermediate: FLAT at $76.88 per barrel
P.Gonzales--CPN