- With 118 dead from Hurricane Helene, Biden defends US government response
- Breeder who tried to create enormous trophy sheep jailed in US
- Qatar Airways seeking 25% stake in Virgin Australia
- US port officials gird for strike as labor talks stay stuck
- As toll crosses 100, Trump puts Hurricane Helene at election center stage
- US Fed Chair sees 'further disinflation' in economy
- Epic Games sues Google and Samsung over app store
- Officials see no shortages from likely US port strike
- UK families of Gaza hostages warn Lebanon attack 'takes focus away'
- Shares in Stellantis, Aston Martin skid on profit warnings
- Dali prints found in London garage sold at auction
- ECB chief backs bank mergers amid UniCredit, Commerzbank talk
- China stocks soar on stimulus, but US and Europe retreat
- 100 dead in storm Helene damage, flooding across US southeast
- China stocks soar on stimulus, Europe slides on automaker woes
- German antitrust watchdog steps up monitoring of Microsoft
- Nepal's urban poor count cost of 'nightmare' floods
- E.Guinea, Gabon clash at ICJ over oil-rich islands
- New blow for UK's Starmer as growth data disappoints
- China's top banks to tweak mortgage rates to boost housing market
- Muslim women break taboos navigating east London's waterways
- Nepal dam-building spree powers electric vehicle boom
- More than 60 dead from storm Helene as rescue, cleanup efforts grow
- Dozens missing, 9 dead in migrant boat wreck off Spanish Canaries
- Death toll from Hurricane John hits eight in Mexico
- Storm Helene's toll rises as rescue and cleanup efforts gain pace
- SpaceX launches mission to return stranded astronauts
- Storm Helene kills 44, threatens more 'catastrophic' flooding as cleanup begins
- SpaceX set to launch mission to return stranded astronauts
- Storm Helene kills 44, threatens more 'catastrophic' flooding
- Boeing strike grinds on as latest talks fail to reach agreement
- Iran 'news' sites, hackers target Trump ahead of US election
- US ports brace for potential dockworkers strike
- Japan's speedy, spotless Shinkansen bullet trains turn 60
- US hurricane deaths rise to 44, fears of more 'catastrophic' flooding
- Global stocks mostly rise, cheering Beijing stimulus
- Europe en route for Moon with new simulator, says astronaut Pesquet
- Fireworks forecast if comet survives risky Sun flypast
- Argentina judge orders dictionary to delete pejorative definition of 'Jewish'
- Global stocks rise on rate hopes, Beijing stimulus
- S.African woman turns 118, among the oldest in the world
- UK clears $4 bn AI partnership between Amazon, Anthropic
- Barca fans barred from Champions League away game over racist banner
- Chinese stocks extend surge, Europe higher on Beijing stimulus
- Pope says Church must 'seek forgiveness' for child sexual abuse
- China caps week of 'bazooka' stimulus for ailing economy with rate cut
- Cuts, cash, credit: China bids to jumpstart flagging economy
- France's debt weighs heavier ahead of budget debate
- Iran treads carefully, backing Hezbollah while avoiding war
- Return to sender: waste stranded at sea stirs toxic dispute
CMSD | -1.21% | 24.78 | $ | |
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European stocks slide on return from Easter break
European stock markets slid Tuesday, catching up with losses in Asia and on Wall Street caused by slow growth concerns in China and rising US interest rates.
Trading for the first time since Thursday, London's benchmark FTSE 100 index was down 0.4 percent nearing the half-way stage.
Losses were steeper in the eurozone, with Frankfurt's DAX index and the Paris CAC 40 shedding around one percent, also after an extended weekend.
"Despite the public holiday in most of Europe yesterday, this is shaping up to be another volatile and eventful week for global markets," noted Lukman Otunuga, senior research analyst at FXTM.
"Later today, the International Monetary Fund will release its updated global economic outlook with markets expecting a downgrade for growth this year."
Otunuga said "such a development may hit investor confidence, sweetening appetite for safe-haven assets".
One traditional haven, the yen, struck a fresh 20-year low Tuesday at 128 to the dollar, with the Japanese currency heavily weighed down by diverging monetary policy in Japan and the United States.
High oil prices in Japan -- a major importer of crude -- have also pushed the currency lower, according to analysts.
Japan's Nikkei 225 rebounded from losses Monday -- and led other major Asian stock markets higher.
But Hong Kong plummeted by its largest margin in three weeks -- knocked by concerns around Beijing's tough tech-sector regulations and economic growth concerns in China.
Millions of residents are still cloistered in their homes in China's financial capital Shanghai.
Investors were left weighing whether attempts to lift the economy by Chinese policymakers -- who have held off cutting interest rates -- would offset Beijing's zero-Covid policies.
"The focus in Asia is on mainland policy easing to cushion the impact of lockdowns," said Stephen Innes at SPI Asset Management.
China's economic growth accelerated in the first quarter of the year to 4.8 percent, official data showed Monday, but the government warned of "significant challenges" ahead.
- Key figures around 1030 GMT -
London - FTSE 100: DOWN 0.4 percent at 7,586.79 points
Frankfurt - DAX: DOWN 0.9 percent at 14,036.68
Paris - CAC 40: DOWN 1.0 percent at 6,523.90
EURO STOXX 50: DOWN 1.1 percent at 3,807.47
Tokyo - Nikkei 225: UP 0.69 percent at 26,985.09 (close)
Shanghai - Composite: DOWN 0.05 percent at 3,194.03 (close)
Hong Kong - Hang Seng Index: DOWN 2.28 percent at 21,027.76 (close)
New York - Dow: DOWN 0.1 percent at 34,411.69 (close)
Dollar/yen: UP at 128.21 yen from 126.54 yen
Euro/dollar: DOWN at $1.0793 from $1.0802
Pound/dollar: FLAT at $1.3023
Euro/pound: FLAT at 82.87 pence
Brent North Sea crude: DOWN 1.3 percent at $111.68 per barrel
West Texas Intermediate: DOWN 1.6 percent at $106.49 per barrel
L.Peeters--CPN