- Meta must limit data use for targeted ads: EU court
- Oil extends gains, jobs report lifts Wall Street
- US hiring soars past expectations in sign of resilient market
- As EU targets Chinese cars, European rivals sputter
- Top EU court finds against FIFA in key transfer market ruling
- Oil extends gains, Hong Kong stocks resume rally
- 'A man provides': Ukrainian miners send families away as Russia advances
- EU states greenlight extra tariffs on EVs from China
- 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
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Stocks rise, oil falls tracking recession risks
Stock markets largely rose and oil prices retreated Monday as investors mulled the prospect of recession in the United States and elsewhere and central banks seek to tame soaring inflation with aggressive interest rate hikes.
The dollar, which had surged on Friday on the prospect of further large increases in US borrowing costs, fell back on profit-taking at the start of the new week.
Speculation is growing that the US Federal Reserve will announce a third successive rate increase of three-quarters of a percentage point following a blockbuster US jobs report last week.
This week, all eyes will turn to the release of US July inflation data, which are expected to show a slight slowdown, but still not far from the four-decade highs seen in recent months.
The latest reading "seems very unlikely to offer compelling evidence of a slowdown needed for the Fed to pull away from its aggressive inflation-fighting mode", said SPI Asset Management analyst, Stephen Innes.
Oil prices retreated further on expectations of weaker demand amid a cost-of-living crisis.
A rise in US crude stockpiles was partly responsible for a 10-percent drop in prices last week.
Both main oil contracts have lost all the gains seen in the wake of Russia's invasion of Ukraine, which led the United States and Europe to ban imports of Russian crude, hammering already thin supplies.
The US jobs report last week "highlighted how strong the economy remains although traders are now increasingly nervous about more aggressive tightening sending the economy into a deeper recession further down the road", said Oanda analyst Craig Erlam.
"The resumption of Iran nuclear talks today is one potential downside risk for the oil price, given the ability of the country to quickly ramp up production if a deal is struck."
Iran on Sunday demanded that the UN nuclear watchdog, the International Atomic Energy Agency, "completely" resolve outstanding issues, as talks resume to revive a 2015 deal to rein in Tehran's nuclear ambitions.
Iranian sources have suggested that one of the key sticking points is a probe by the IAEA into traces of nuclear material found at undeclared Iranian sites.
- Key figures at around 1100 GMT -
London - FTSE 100: UP 0.5 percent at 7,479.12 points
Frankfurt - DAX: UP 0.7 percent at 13,674.28
Paris - CAC 40: UP 0.9 percent at 6,533.50
EURO STOXX 50: UP 0.9 percent at 3,759.44
Tokyo - Nikkei 225: UP 0.3 percent at 28,249.24 (close)
Hong Kong - Hang Seng Index: DOWN 0.8 percent at 20,045.77 (close)
Shanghai - Composite: UP 0.3 percent at 3,236.93 (close)
New York - Dow: UP 0.2 percent at 32,803.47 (close)
Euro/dollar: UP at $1.0194 from $1.0184 Friday
Pound/dollar: UP at $1.2104 from $1.2075
Euro/pound: DOWN at 84.20 pence from 84.32 pence
Dollar/yen: DOWN at 134.86 yen from 135.00 yen
West Texas Intermediate: DOWN 1.0 percent at $88.09 per barrel
Brent North Sea crude: DOWN 1.1 percent at $93.88 per barrel
A.Levy--CPN