- Oil prices extend gains on Mideast tensions, Wall Street slips
- Europe's asteroid mission Hera launches despite hurricane
- Oil prices extend gains on Mideast tensions, Wall Street retreats
- What is microRNA? Nobel-winning discovery explained
- Weather may delay launch of mission to study deflected asteroid
- China to flesh out economic stimulus plans after bumper rally
- Asian markets track Wall St rally on US jobs data
- World marks anniversary of Oct. 7 attack on Israel
- Asian markets track Wall St rally on jobs data
- Cancer, cardiovascular drugs tipped for Nobel as prize week opens
- Tunisia incumbent Saied set to win presidential vote: exit polls
- 'Difficult day': Oct 7 commemorations begin with festival memorial
- Commemorations begin for anniversary of attack on Israel
- Tunisia voting ends as Saied eyes re-election with critics behind bars
- Drowned by hurricane, remote N.Carolina towns now struggle for water
- Two elephants die in flash flooding in northern Thailand
- 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
- US trade chief defends tariff hikes when paired with investment
- EU court blocks French ban on vegetable 'steak' labelling
- Meta AI turns pictures into videos with sound
- US dockworkers return to ports after three-day strike
- DR Congo to begin mpox vaccination campaign Saturday in east
- 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
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European stocks up despite recession warnings, US shares extend rally
Global stocks mostly ended higher on Friday as slower US inflation and an easing of Covid restrictions in China boosted investor sentiment, despite prospects of a downturn.
Frankfurt and Paris managed to advance by more than half a percent by the end of trading, although gains were capped as the European Union warned that the eurozone was set to fall into recession this winter.
US stocks also ended higher, extending Thursday's rally after closely-watched government data showed annual inflation in the world's biggest economy had eased slightly -- dimming expectations of more aggressive interest rate hikes from the Federal Reserve.
Oil prices picked up as well following China's announcement that it would relax some of its hardline Covid-19 restrictions, including shortening its quarantine requirements for international travelers by two days.
"This has been sufficient to prevent more than modest losses on some indices, with the week ending in a far more optimistic tone," noted Chris Beauchamp, chief market analyst at online trading platform IG.
"Confident for now that the Fed can walk back some of its most hawkish rhetoric, stocks look well set for additional gains into the second half of November."
The dollar slumped against rival currencies following the inflation data release, at one point reaching a three-month low against the euro and weakening against the yen and pound.
- 'Bordering on silly' -
But Daniel Berkowitz, senior investment officer for Prudent Management Associates, struck a note of caution on the slower inflation rate.
"While it always feels good to see markets rally, we think this... is bordering on silly," he said.
"The market is reacting as if this is the continuance of a multiple-month, downward trend in inflation, and it is not," he added.
Michael Hewson, chief market analyst at CMC Markets UK, also said that markets appeared to be "getting slightly ahead of themselves" given that the quarantine to enter China remains long, and that Covid infection rates are rising rather than decreasing.
London's benchmark FTSE 100 index ended in the red after official data indicated that the UK economy was probably at the start of a prolonged recession.
"The FTSE's struggles suggest UK investors are more worried about deteriorating domestic, eurozone and global economies than (they) are hopeful about the US and other central banks easing rate hikes," noted Fawad Razaqzada, market analyst at City Index trading group.
In the UK, inflation is seen rising further. Currently at 10.1 percent, the Bank of England is forecasting it will hit around 11 percent this year before starting to cool.
- Key figures around 2130 GMT -
New York - Dow: UP 0.1 percent at 33,747.86 points (close)
New York - S&P 500: UP 0.9 percent at 3,992.93 (close)
New York - Nasdaq: UP 1.9 percent at 11,323.33 (close)
London - FTSE 100: DOWN 0.8 percent at 7,318.04 points (close)
Frankfurt - DAX: UP 0.6 percent at 14,224.86 (close)
Paris - CAC 40: UP 0.6 percent at 6,594.62 (close)
EURO STOXX 50: UP 0.6 percent at 3,868.50 (close)
Tokyo - Nikkei 225: UP 3.0 percent at 28,263.57 (close)
Hong Kong - Hang Seng Index: UP 7.7 percent at 17,325.66 (close)
Shanghai - Composite: UP 1.7 percent at 3,087.29 (close)
Pound/dollar: UP at $1.1839 from $1.1724 on Thursday
Euro/dollar: UP at $1.0361 from $1.0219
Dollar/yen: DOWN at 138.7 yen from 140.67 yen
Euro/pound: UP at 87.49 pence from 87.10 pence
Brent North Sea crude: UP 2.5 percent at $95.99 per barrel
West Texas Intermediate: UP 2.9 percent at $88.96 per barrel
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St.Ch.Baker--CPN