- 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
RBGPF | -1.97% | 58.94 | $ | |
RYCEF | -1.45% | 6.88 | $ | |
CMSC | -0.61% | 24.55 | $ | |
RIO | -0.27% | 69.51 | $ | |
SCS | -0.57% | 12.897 | $ | |
AZN | -0.51% | 77.08 | $ | |
GSK | 0.08% | 38.85 | $ | |
NGG | -1.22% | 65.7 | $ | |
RELX | -0.83% | 45.91 | $ | |
VOD | 0.23% | 9.682 | $ | |
BTI | -0.23% | 35.21 | $ | |
CMSD | -0.21% | 24.76 | $ | |
BCC | 0.45% | 139.53 | $ | |
BCE | -0.58% | 33.514 | $ | |
BP | 0.72% | 33.12 | $ | |
JRI | -0.23% | 13.25 | $ |
Stocks mostly rise, dollar up with focus on China, US
Stock markets mostly rose Monday after last week's global surge, helped by China's loosening of Covid rules and plans to help its property sector.
The dollar advanced against major rivals as traders urged caution over expectations that the Federal Reserve would pull back from massive US interest hikes as inflation cools in the world's biggest economy.
Presidents Joe Biden and Xi Jinping meanwhile voiced hope Monday that the United States and China can manage growing differences and avoid conflict as they met for the first time in more than three years.
"The burst of euphoria which erupted... at the end of last week is ebbing away after fresh warnings that the fight against inflation is still a hard slog yet to be won," noted Susannah Streeter, senior investment and markets analyst at Hargreaves Lansdown.
Sentiment won a lift from China, which is relaxing some of its strict Covid-19 restrictions that have hammered growth in the world's second largest economy.
Authorities have also reportedly unveiled a 16-point plan to support the beleaguered property sector, a major component of the country's economic engine.
The industry has come under immense pressure since China imposed a number of restrictions in 2020 aimed at reeling in debt as major developers teetered on the brink of collapse.
The latest moves indicate that China's leadership is beginning to focus on supporting the economy, a crucial driver of global growth, according to analysts.
Nomura's Lu Ting warned, however, that the "measures may have little direct impact on stimulating home purchases".
Hong Kong's stock exchange ended more than one percent higher Monday -- having soared over seven percent Friday.
Property firms were the best performers with Country Garden leading the way with a massive 40-percent jump.
- Key figures around 1200 GMT -
London - FTSE 100: UP 0.3 percent at 7,336.45 points
Frankfurt - DAX: UP 0.4 percent at 14,279.75
Paris - CAC 40: UP 0.3 percent at 6,612.61
EURO STOXX 50: UP 0.3 percent at 3,880.51
Tokyo - Nikkei 225: DOWN 1.1 percent at 27,963.47 (close)
Hong Kong - Hang Seng Index: UP 1.7 percent at 17,619.71 (close)
Shanghai - Composite: DOWN 0.1 percent at 3,083.40 (close)
New York - Dow: UP 0.1 percent at 33,747.86 (close)
Euro/dollar: DOWN at $1.0280 from $1.0361 on Friday
Pound/dollar: DOWN at $1.1779 from $1.1839
Dollar/yen: UP at 139.52 yen from 138.70 yen
Euro/pound: DOWN at 87.33 pence from 87.49 pence
West Texas Intermediate: DOWN 1.3 percent at $87.82 per barrel
Brent North Sea crude: DOWN 1.0 percent at $94.99 per barrel
H.Müller--CPN