- Hong Kong stocks resume rally, oil dips after Middle East-fuelled surge
- 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
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European stocks end week higher on growth hopes
European stock markets rose robustly on Friday as official data showed eurozone growth holding up in the face of soaring inflation.
Stock markets in Asia ended the session lower after data showed that the US economy contracted again, reinforcing recession fears, but boosting expectations that the US Federal Reserve will slow its pace of interest rate hikes.
After an extended period of pessimism on trading floors, investors were beginning to speculate that the market may be bottoming out.
The EU's official data agency said the 19-country eurozone grew by 0.7 percent in the second quarter, even though inflation rose to a new record of 8.9 percent in July.
A day earlier, US data showed the world's biggest economy shrank by 0.9 percent in the period from April to June after already contracting by 1.6 percent in the preceding three months.
But the reading was taken as a sign of good news, since it could give the Fed room to take its foot off the pedal and treasury yields -- considered a barometer of future interest rates -- eased.
Officials were expected to continue raising US interest rates, but analysts estimate they would announce a half-point rise in September, compared with three-quarters of percentage point at the past two meetings.
"Stocks continued their rally in Europe on Friday, alongside US futures, as market sentiment improved following reassuring macro data in addition to positive corporate results," said ActivTrades analyst Pierre Veyret.
The prospect of US interest rates not rising as fast as previously expected has knocked the dollar slightly after soaring against other major currencies in recent months.
A second successive contraction in growth is widely considered a technical recession, although it is not officially considered so in the United States until identified as such by the National Bureau of Economic Research.
But while debate rages over that issue, the consensus is that the economy is struggling.
"The more important point is that the economy has quickly lost steam in the face of four-decade high inflation, rapidly rising borrowing costs, and a general tightening in financial conditions," said Sal Guatieri, of BMO Capital Markets.
China is also struggling, hit by Covid-induced lockdowns in major cities including Shanghai and Beijing that have hammered all sectors and supply chains.
- Key figures at around 0930 GMT -
London - FTSE 100: UP 0.6 percent at 7,386.66 points
Frankfurt - DAX: UP 0.8 percent at 13,386.61
Paris - CAC 40: UP 1.4 at 6,425.71
EURO STOXX 50: UP 1.0 percent at 3,688.90
Tokyo - Nikkei 225: DOWN 0.1 percent at 27,801.64 (close)
Hong Kong - Hang Seng Index: DOWN 2.3 percent at 20,156.51 (close)
Shanghai - Composite: DOWN 0.9 percent at 3,253.24 (close)
New York - Dow: UP 1.0 percent at 32,529.63 (close)
Euro/dollar: UP at $1.0200 from $1.0197 Thursday
Pound/dollar: DOWN at $1.2153 from $1.2177
Euro/pound: UP at 83.92 pence from 83.70 pence
Dollar/yen: DOWN at 133.29 yen from 134.25 yen
Brent North Sea crude: UP 2.0 percent at $109.23 per barrel
West Texas Intermediate: UP 2.2 percent at $98.57 per barrel
A.Mykhailo--CPN