- 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
- 'Broken' news industry faces uncertain future
- On remote Greek island, migratory birds offer climate clues
- Taken from mother by nuns, victim seeks answers as pope visits Belgium
- China cuts amount banks hold in reserve to boost lending
- Hong Kong, Shanghai extend surge as China optimism boosts markets
- Vietnam president reiterates support for Cuba during official visit
- Drought reduces Amazon River in Colombia by as much as 90%: report
- Stay or go? Pacific Islanders face climate's grim choice
- Florida bracing for 'unsurvivable' Hurricane Helene
- Poverty rises to over 52 percent in Milei's Argentina
- Chloe's see-through look may not be for Kamala Harris
- Champagne houses abuzz over English sparkling wine
- Macron, Trudeau pledge to work for 'decarbonized' economies
- Hurricanes, storms, typhoons... Is September wetter than usual?
- China stimulus, tech optimism boost stock markets
- 'Unsurvivable' Hurricane Helene races towards Florida
- Macron meets Trudeau in Canada as both face political setbacks
- South Korea surges in UN innovation index
- Chloe's see-through look may not be for Kamala
- Floods threaten Niger's historic 'gateway to the desert'
- China economy hopes boost global equities
- Ubisoft shares sink after 'Assassin's Creed' delay
- German economy to shrink again in 2024: think tanks
- Hong Kong's New World Development replaces CEO Adrian Cheng
- Swiss central bank cuts rate again amid strong franc worries
- Germany's BASF to focus on 'core units' in major overhaul
- China admits economy facing new 'problems', vows to fix property sector
- Stock markets boosted by China hopes, tech rally
- Bangladesh revolution sparks new hopes among Rohingya
Global stocks mostly rise, cheering Beijing stimulus
Stock markets mostly rose Friday as slowing US and European inflation raised hopes of more aggressive interest rate cuts while investors applauded China's measures to boost its struggling economy.
All major European markets closed higher, locking in strong gains for the week.
Wall Street stocks finished mixed after a choppy session, with the Dow edging to a fresh record and the Nasdaq retreating.
It's "clearly a very positive week, the third straight week of gains," said Angelo Kourkafas of Edward Jones.
Earlier, the Hong Kong and Shanghai stock markets finished the week more than 10 percent higher, with Shanghai seeing its strongest weekly gain since 2008.
The US personal consumption expenditures (PCE) price index was up 2.2 percent from a year ago in August, down from 2.5 percent in July, the latest data point to show an easing in price pressure.
"Inflation stayed in its cage last month, reinforcing ideas that the Federal Reserve has runway to sharply cut rates in coming months," said Joe Mazzola, a strategist at Charles Schwab.
The Fed cut its main lending rates by 50 basis points earlier this month -- its first rate cut in more than four years -- and analysts expect further cuts at the next policy meeting in November.
US "inflation seems to be on a sustained path lower", said Bret Kenwell, US investment analyst at eToro trading platform.
For the Federal Reserve, he said, "it makes sense to turn their focus to the labor market, which has shown softness in recent months."
Annual inflation slowed sharply in France and Spain in September, official data showed on Friday, fueling speculation the European Central Bank (ECB) could also cut rates more aggressively than expected.
Besides expectations of lower rates, Europe's main stock markets were boosted by hopes of rebounding Chinese demand, especially for luxury products and cars.
In Frankfurt, BASF soared 7.2 percent after the German chemicals giant Thursday unveiled a major overhaul to focus on cost cutting and strengthening its core businesses.
In Paris, Ubisoft shares jumped 5.8 percent after Credit Agricole raised its stake to 11 percent -- making it the game company's largest shareholder.
In foreign exchange, the yen rallied against the dollar after Japan's ruling party elected a new leader, Shigeru Ishiba, who backs interest-rate hikes. The dollar was little changed against the euro.
- Key figures around 2030 GMT -
New York - Dow: UP 0.3 percent at 42,313.00 (close)
New York - S&P 500: DOWN 0.1 percent at 5,738.17 (close)
New York - Nasdaq Composite: DOWN 0.4 percent at 18,119.59 (close)
London - FTSE 100: UP 0.4 percent at 8,320.76 (close)
Paris - CAC 40: UP 0.6 percent at 7,791.79 (close)
Frankfurt - DAX: UP 1.2 percent at 19,473.63 (close)
Tokyo - Nikkei 225: UP 2.3 percent at 38,829.56 (close)
Hong Kong - Hang Seng Index: UP 3.6 percent at 20,632.30 (close)
Shanghai - Composite: UP 2.9 percent at 3,087.53 (close)
Dollar/yen: DOWN at 142.15 yen from 144.81 yen on Thursday
Euro/dollar: DOWN at $1.1169 from $1.1177
Pound/dollar: DOWN at $1.3375 from $1.3415
Euro/pound: UP at 83.47 pence from 83.31 pence
Brent North Sea Crude: UP 0.5 percent at $71.98 per barrel
West Texas Intermediate: UP 0.8 percent at $68.18 per barrel
P.Schmidt--CPN