- Crude stable after Israel-Iran surge, Hong Kong stocks resume gains
- Hera spacecraft to probe asteroid deflected by defence test
- US dockworkers to head back to work after tentative deal
- After Helene's destruction, North Carolina starts to rebuild
- Dockers end three-day strike at Montreal port
- What next for OpenAI after $157 billion bonanza?
- Israel-Hamas war causes 86-percent dive in Gaza GDP: IMF
- Milan's Morata moves house after Inter-fan town mayor 'violates' privacy
- 'Devastating' storm hits Augusta National but Masters will go on
- Relief in Brazil, Asia over delay to EU deforestation rules
- Oil prices jump, stocks fall on Middle East tensions
- Biden says 'discussing' possible Israeli strikes on Iran oil facilities
- Oil prices rise, stocks fall on Middle East tensions
- Oil rallies, stocks mostly retreat on Middle East tensions
- Phasing out teen smoking could save 1.2 mn lives: study
- 'Welcome relief': Asia producers hail EU deforestation law delay
- Japan PM slated to announce plans for 'happiness index'
- Turkish inflation falls less than expected in September at 49.4%
- Easing inflation lifts profit at UK supermarket Tesco
- Skiing calls on UN climate science to combat melting future
- China wine industry looks to breed climate resilience
- Tokyo rallies on weak yen, Hong Kong drops after surge
- Dutch airline KLM unveils 'firm' cost-cutting measures
- Carpe diem: the Costa Rican women turning fish into fashion
- Senegal looks to aquaculture as fish stocks dwindle
- Will AI one day win a Nobel Prize?
- Climate change, economics muddy West's drive to curb Chinese EVs
- Argentina's Milei vetoes university budget after huge protests
- TotalEnergies plans to grow oil and gas production until 2030
- 2024 Nobels offer glimmer of hope as global crises mount
- Tokyo rallies on weak yen, Hong Kong reverses after surge
- Tunisia readies for vote as incumbent Saied eyes victory
- High childcare costs in US weigh on women's employment
- US voters seek help with crushing childcare costs
- Taiwan shuts down for second day as Typhoon Krathon to land
- Supercharged storms: how climate change amplifies cyclones
- Biden official urges talks as US port strike enters second day
- Huge protests in Argentina over public university cuts
- Rally in oil prices loses steam on mixed day for global stocks
- South America treated to rare 'ring of fire' eclipse
- Biden official says port strike deal not as far as parties think
- Mexico's new president offers apology for 1968 student massacre
- Historic funding round values OpenAI at $157 billion
- Mixed US car sales in Q3 as industry hopes for post-election bounce
- Thunderstorms are a 'boiling pot' of gamma rays, scientists find
- Scientists unlock secret of 'Girl With Pearl Earring'
- Dolphins flash friendly grins when they're ready to play
- Facing backlash, EU moves to delay deforestation rules
- US private sector adds more jobs than expected in September: ADP
- Boys out of critical condition after Zurich stabbings
SCS | -1.98% | 12.62 | $ | |
NGG | -2.7% | 66.97 | $ | |
CMSC | -0.16% | 24.74 | $ | |
BCC | -0.9% | 138.29 | $ | |
RBGPF | 100% | 58.93 | $ | |
CMSD | -0.16% | 24.89 | $ | |
RIO | -1.42% | 69.83 | $ | |
GSK | -2.81% | 38.37 | $ | |
BCE | -1.77% | 33.84 | $ | |
RELX | -1.46% | 46.61 | $ | |
JRI | -0.6% | 13.3 | $ | |
AZN | -2.12% | 77.93 | $ | |
RYCEF | 1.15% | 6.98 | $ | |
VOD | -0.52% | 9.69 | $ | |
BP | 0.28% | 32.46 | $ | |
BTI | -2.45% | 35.11 | $ |
Eurozone stocks slide, gas prices soar
Eurozone equities sank Tuesday, as natural gas prices surged after Russia tightened the screw on supplies in fresh Ukraine fallout.
Investors digested also major earnings updates on the eve of another likely large US interest rate hike aimed at tackling soaring inflation.
General Motors reported a big drop in second-quarter profits owing to a semiconductor shortage.
Google parent Alphabet, Coca-Cola, Microsoft and McDonald's are also publishing results Tuesday.
In Europe, stock markets "are under pressure as investors absorb what the news from Gazprom is likely to mean when it comes to gas supplies over the next few days", noted CMC Markets analyst Michael Hewson.
Europe gas reference Dutch TTF surged more than ten percent to 197.97 euros per megawatt hour, one day after Russia's Gazprom said it would cut daily gas deliveries to Europe via the Nord Stream pipeline.
Oil prices also leapt on concerns of a broader squeeze on global energy supplies, while the euro remained on the back foot against the dollar.
Gazprom will cut the gas deliveries to 33 million cubic metres a day -- about 20 percent of the pipeline's capacity -- from Wednesday.
That has heightened market worries over supplies during the northern hemisphere winter later this year.
At the same time, European Union member states have reached agreement on how to cut their consumption of gas by 15 percent and reduce their dependence on Russian energy.
Gas prices remain way below the record March peak of 345 euros struck after Russia launched its assault on Ukraine.
Markets.com analyst Neil Wilson predicted a "big push to fill (gas) stockpiles in what is left of the summer, at any price, to avert a winter crisis".
EU states have accused Russia of squeezing supplies in retaliation for Western sanctions.
Elsewhere Tuesday, Asian stock markets closed mixed.
Investors welcomed news that e-commerce giant Alibaba would seek a primary listing in Hong Kong, which could pave the way for it to be traded by mainland Chinese investors.
- Key figures at around 1100 GMT -
Frankfurt - DAX: DOWN 1.1 percent at 13,064.82 points
Paris - CAC 40: DOWN 0.7 percent at 6,196.57
London - FTSE 100: UP 0.4 percent at 7,335.10
EURO STOXX 50: DOWN 0.8 percent at 3,575.41
Tokyo - Nikkei 225: DOWN 0.2 percent at 27,655.21 (close)
Hong Kong - Hang Seng Index: UP 1.7 percent at 20,905.88 (close)
Shanghai - Composite: UP 0.8 percent at 3,277.44 (close)
New York - Dow: UP 0.3 percent at 31,990.04 (close)
Euro/dollar: DOWN at $1.0148 from $1.0223 Monday
Pound/dollar: DOWN at $1.1998 from $1.2046
Euro/pound: DOWN at 84.59 pence from 84.83 pence
Dollar/yen: DOWN at 136.59 yen from 136.65 yen
Brent North Sea crude: UP 1.3 percent at $106.47 per barrel
West Texas Intermediate: UP 1.9 percent at $98.56 per barrel
P.Schmidt--CPN