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- Nike earnings drop, says turnaround will take time
- US dockworkers launch mass strike a month before election
- Iron Dome: Israel's key anti-missile shield
- Cranes stand still as US dockworkers fight for 'future'
- GM reports US sales dip, but says EVs grew
- Sheinbaum takes office as Mexico's first woman president
- Webb telescope detects carbon dioxide on Pluto's largest moon
- Stock markets slump, oil jumps on Middle East concerns
- French PM vows more taxes and spending cuts ahead of budget fight
- Germany inaugurates IBM's first European quantum data centre
- Stock markets diverge as eurozone inflation drops further
- France's richest man takes control of Paris Match magazine
- Anger meets tear gas as Nigeria hardship protests fizzle out
- US dockworkers launch mass strike month before election
- Evacuations from Lebanon: what we know
- Feathers fly at Chanel's Paris fashion return
- UAE oil giant ADNOC swoops on German chemicals firm Covestro
- Eurozone inflation falls under 2% for first time since 2021
- Coldplay ticket scalping fiasco sparks backlash in India
- Droughts drive Spanish boom in pistachio farming
- Tokyo recovers some losses to lead Asian markets higher
- Rural schools empty in North Macedonia due to exodus
- US dockworkers launch strike after labor contract expires
- Thousands evacuated as Super Typhoon Krathon approaches Taiwan
- Kenya airport whistleblower fears for his life
- 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
Markets rebound after Fed boss calms nerves over rates
Global stock markets rebounded Friday on easing fears about the pace of interest rate rises in the United States that are aimed at bringing down the country's highest inflation in decades.
European equities were up around 1.5 percent nearing the half-way stage following solid gains in Asia.
Stocks have suffered sharp losses this week, particularly on Wall Street, as investors seek safety also amid the Ukraine war and Chinese lockdowns.
"Investors are continuing to wrestle with worries over inflation as the oil price climbs back up again and supply concerns resurface amid ongoing geo-political tensions," noted Susannah Streeter, senior investment and markets analyst at Hargreaves Lansdown.
Stocks have tumbled for much of this week on fears the Federal Reserve was planning to lift US interest rates by 75 basis points at a single meeting.
However equities on Friday staged "a relief rally" after Fed boss Jerome Powell calmed nerves over the potential hefty increase, said Jeffrey Halley, analyst at OANDA trading group.
"The rally today looks more like a technical rebound after a torrid week than a structural turn in sentiment," he added.
Oil prices climbed Friday after much volatility, while the euro recovered from five-year lows against the dollar.
Bitcoin held above $30,000, a day after the cryptocurrency slumped under $27,000, or lowest level since late 2020.
Its crash this week was fuelled by the collapse of two so-called "stablecoin" cryptocurrencies -- TerraUSD and Tether -- which proved to be anything but stable, leaving investors panicked.
On the corporate front Friday, Twitter's share price plunged after Elon Musk said he was putting a temporary halt on his much-anticipated deal to buy the social media giant.
"Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of users," he wrote on the platform.
Musk, the world's richest man and founder of automaker Tesla, had made the eradication of spam accounts and bots one of the centrepieces of his proposed $44 billion takeover of Twitter.
Friday's announcement saw shares drop by 20 percent in early electronic trading before Wall Street opened.
- Key figures at around 1100 GMT -
London - FTSE 100: UP 1.7 percent at 7,352.49 points
Frankfurt - DAX: UP 1.4 percent at 13,931.74
Paris - CAC 40: UP 1.7 percent at 6,312.64
EURO STOXX 50: UP 1.6 percent at 3,670.69
Hong Kong - Hang Seng Index: UP 2.7 percent at 19,898.77 (close)
Shanghai - Composite: UP 0.9 percent at 3,084.28 (close)
New York - Dow: DOWN 0.3 percent at 31,730.30 (close)
Tokyo - Nikkei 225: UP 2.6 percent at 26,427.65 (close)
Brent North Sea crude: UP 1.9 percent at $109.44 per barrel
West Texas Intermediate: UP 2.0 percent at $108.21 per barrel
Euro/dollar: UP at $1.0386 from $1.0382 at 2100 GMT Thursday
Pound/dollar: DOWN at $1.2191 from $1.2199
Euro/pound: UP at 85.18 pence from 85.08 pence
Dollar/yen: DOWN at 128.90 yen from 129.97 yen
Y.Ponomarenko--CPN