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- Tunisia votes with Saied set for re-election
- Too hot by day, Dubai's floodlit beaches are packed at night
- A 'forgotten' valley in storm-hit North Carolina, desperate for help
- Italy targets climate activists in 'anti-Gandhi' demo clampdown
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- 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
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- '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
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- 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
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- 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
Dollar extends 2022 surge as market awaits key US inflation data
The dollar extended its banner run of 2022 on Monday, pushing higher following the latest solid US jobs data as equities retreated in both New York and Europe.
The US currency, which has already struck multi-year highs against the euro and other leading currencies, rose as investors bet that the latest round of US employment data released Friday will confirm a Federal Reserve plan to continue aggressively hiking interest rates.
This week's calendar includes the latest US consumer price index data, which will give an updated reading on inflation that has prompted a 180-degree turn from the Fed's easy-money policies to a streak of significant interest rate hikes.
"Inflation remaining stubbornly elevated would threaten to upset the market apple cart and buoy the dollar," said a note from Joe Manimbo of Convera.
Analysts said Monday's gains by the greenback also reflected the worsening Russia-Ukraine conflict, which has bolstered the dollar's standing as a "refuge" investment.
US stocks finished a choppy session lower, joining European bourses in retreating.
This week's calendar also includes retail sales for September, as well earnings from Delta Air Lines, JPMorgan and others.
Investors are cautious ahead of the earnings period, with rising costs expected to cut into corporate profits.
Analysts now project the S&P 500 companies scored an earnings increase of 2.9 percent per share, down from the 10.5 percent that had been forecast in June, according to CFRA Research.
"We're seeing mild risk aversion in the markets at the start of the week, perhaps some apprehension ahead of what could be a big few days for the US," said market analyst Craig Erlam at OANDA.
Elsewhere the pound won little support from Britain ramping up efforts to calm markets after a heavily criticised budget.
In what was seen as coordinated action, the government brought forward the release date of key economic forecasts and the Bank of England boosted liquidity.
"With the pound remaining weak and (UK) government borrowing costs inching up again towards worrying levels, the UK government and the Bank of England have launched a two-pronged attempt to calm markets," noted Susannah Streeter, senior investment and markets analyst at Hargreaves Lansdown.
Oil prices meanwhile fell after the biggest weekly gain since March that followed last week's decision by OPEC and allied producers led by Russia to slash crude output by two million barrels per day.
The drop Monday came also on demand concerns caused by China's Covid flare-ups and more weak data out of Beijing owing to lockdowns.
- Key figures around 2030 GMT -
New York - Dow: DOWN 0.3 percent at 29,202.88 (close)
New York - S&P 500: DOWN 0.8 percent at 3,612.39 (close)
New York - Nasdaq: DOWN 1.0 percent at 10,542.10 (close)
London - FTSE 100: DOWN 0.5 percent at 6,959.31 (close)
Frankfurt - DAX: FLAT at 12,272.94 (close)
Paris - CAC 40: DOWN 0.5 percent at 5,840.55 (close)
EURO STOXX 50: DOWN 0.6 percent at 3,356.88 (close)
Hong Kong - Hang Seng Index: DOWN 3.0 percent at 17,216.66 (close)
Shanghai - Composite: DOWN 1.7 percent at 2,974.15 (close)
Tokyo - Nikkei 225: Closed for a holiday
Pound/dollar: DOWN at $1.1059 from $1.1086 on Friday
Euro/dollar: DOWN at $0.9708 from $0.9745
Euro/pound: DOWN at 87.76 pence from 87.90 pence
Dollar/yen: UP at 145.72 yen from 145.25 yen
West Texas Intermediate: DOWN 1.6 percent at $91.13 per barrel
Brent North Sea crude: DOWN 1.8 percent at $96.19 per barrel
burs-jmb/bfm
X.Wong--CPN