- Sheinbaum to take office as Mexico's first woman president
- Scientists fear underfunded Argentina research on verge of collapse
- US port officials gird for strike despite last-minute bargaining
- 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
RBGPF | 7.18% | 64.75 | $ | |
CMSD | -1.21% | 24.78 | $ | |
CMSC | -0.21% | 24.72 | $ | |
RIO | -0.08% | 71.17 | $ | |
RYCEF | 0.14% | 7.05 | $ | |
RELX | -0.21% | 47.46 | $ | |
VOD | -0.7% | 10.02 | $ | |
BTI | -0.71% | 36.58 | $ | |
NGG | -0.09% | 69.67 | $ | |
GSK | 0.42% | 40.88 | $ | |
SCS | 2.52% | 13.49 | $ | |
BCC | -0.36% | 140.98 | $ | |
BCE | -1.12% | 34.8 | $ | |
JRI | 0.66% | 13.67 | $ | |
AZN | 0.37% | 77.91 | $ | |
BP | -0.1% | 31.39 | $ |
European stock market gains capped by Ukraine war
European stocks rose Wednesday but gains were capped as Russia continued its new offensive in eastern Ukraine, dealers said.
London equities rose 0.4 percent in midday deals after bumper overnight gains on Wall Street.
Frankfurt won 0.9 percent and Paris added 1.2 percent, aided by news of a return to growth in eurozone industrial output in February.
Oil rebounded slightly, having slumped the previous day on demand concerns.
- Huge uncertainty -
"There's still a huge amount of uncertainty coming from all corners," said OANDA analyst Craig Erlam, when asked about the impact of Ukraine.
Share price gains were "a continuation of the volatile but ultimately directionless markets we have become so accustomed to", he cautioned.
Asia turned in a mixed showing, despite a Wall Street rally Tuesday on promising housing-starts data and solid earnings.
Europe equities and oil dropped Tuesday as Moscow launched its eastern offensive and after the International Monetary Fund slashed its global economic growth forecasts.
The IMF cut its 2022 outlook by 0.8 percentage points, largely over inflationary crises linked to the Ukraine war and the coronavirus pandemic.
- Shanghai slumps -
Shanghai's main stocks index was Asia's biggest faller, losing 1.4 percent as the People's Bank of China (PBoC) kept key lending rates unchanged amid uncertainty over the impact of ongoing Chinese Covid restrictions.
Hong Kong -- which plummeted on Tuesday over concerns about Beijing's ongoing tech-sector crackdown -- also ended down.
"PBoC policymakers realise the futility of cutting rates during a lockdown as policies incentivising lending will have minimal a short-term positive impact on activity so long as mobility restrictions remain in place," noted independent analyst Stephen Innes.
Sentiment was dampened by news of slumping quarterly subscriptions for US streaming giant Netflix.
This was the first such drop for Netflix in a decade and hammered the streaming giant's shares in after-market trading.
Analysts have said this could dent investor sentiment when New York reopens for business.
- Key figures around 1100 GMT -
London - FTSE 100: UP 0.4 percent at 7,629.81 points
Frankfurt - DAX: UP 0.9 percent at 14,280.45
Paris - CAC 40: UP 1.2 percent at 6,612.15
EURO STOXX 50: UP 1.5 percent at 3,889.25
Tokyo - Nikkei 225: UP 0.86 percent at 27,217.85 (close)
Shanghai - Composite: DOWN 1.4 percent at 3,151.05 (close)
Hong Kong - Hang Seng Index: DOWN 0.4 percent at 20,944.67 (close)
New York - Dow: UP 1.5 percent at 34,911.20 (close)
Euro/dollar: UP at $1.0840 from $1.0788 late on Tuesday
Dollar/yen: DOWN at 128.30 yen from 128.91 yen
Pound/dollar: UP at $1.3029 from $1.2998
Euro/pound: UP at 83.20 pence from 82.99 pence
Brent North Sea crude: UP 0.7 percent at $107.96 per barrel
West Texas Intermediate: UP 0.9 percent at $103.48 per barrel
burs/rfj/bcp/lth
C.Peyronnet--CPN