- More than 60 dead from storm Helene as rescue, cleanup efforts grow
- Dozens missing, 9 dead in migrant boat wreck off Spanish Canaries
- Death toll from Hurricane John hits eight in Mexico
- Storm Helene's toll rises as rescue and cleanup efforts gain pace
- SpaceX launches mission to return stranded astronauts
- Storm Helene kills 44, threatens more 'catastrophic' flooding as cleanup begins
- SpaceX set to launch mission to return stranded astronauts
- Storm Helene kills 44, threatens more 'catastrophic' flooding
- Boeing strike grinds on as latest talks fail to reach agreement
- Iran 'news' sites, hackers target Trump ahead of US election
- US ports brace for potential dockworkers strike
- Japan's speedy, spotless Shinkansen bullet trains turn 60
- US hurricane deaths rise to 44, fears of more 'catastrophic' flooding
- Global stocks mostly rise, cheering Beijing stimulus
- Europe en route for Moon with new simulator, says astronaut Pesquet
- Fireworks forecast if comet survives risky Sun flypast
- Argentina judge orders dictionary to delete pejorative definition of 'Jewish'
- Global stocks rise on rate hopes, Beijing stimulus
- S.African woman turns 118, among the oldest in the world
- UK clears $4 bn AI partnership between Amazon, Anthropic
- Barca fans barred from Champions League away game over racist banner
- Chinese stocks extend surge, Europe higher on Beijing stimulus
- Pope says Church must 'seek forgiveness' for child sexual abuse
- China caps week of 'bazooka' stimulus for ailing economy with rate cut
- Cuts, cash, credit: China bids to jumpstart flagging economy
- France's debt weighs heavier ahead of budget debate
- Iran treads carefully, backing Hezbollah while avoiding war
- Return to sender: waste stranded at sea stirs toxic dispute
- 'Broken' news industry faces uncertain future
- On remote Greek island, migratory birds offer climate clues
- Taken from mother by nuns, victim seeks answers as pope visits Belgium
- China cuts amount banks hold in reserve to boost lending
- Hong Kong, Shanghai extend surge as China optimism boosts markets
- Vietnam president reiterates support for Cuba during official visit
- Drought reduces Amazon River in Colombia by as much as 90%: report
- Stay or go? Pacific Islanders face climate's grim choice
- Florida bracing for 'unsurvivable' Hurricane Helene
- Poverty rises to over 52 percent in Milei's Argentina
- Chloe's see-through look may not be for Kamala Harris
- Champagne houses abuzz over English sparkling wine
- Macron, Trudeau pledge to work for 'decarbonized' economies
- Hurricanes, storms, typhoons... Is September wetter than usual?
- China stimulus, tech optimism boost stock markets
- 'Unsurvivable' Hurricane Helene races towards Florida
- Macron meets Trudeau in Canada as both face political setbacks
- South Korea surges in UN innovation index
- Chloe's see-through look may not be for Kamala
- Floods threaten Niger's historic 'gateway to the desert'
- China economy hopes boost global equities
- Ubisoft shares sink after 'Assassin's Creed' delay
European stocks steady after Ukraine-induced volatility
European stock markets steadied Wednesday after a volatile start to the trading week, as investors tracked developments surrounding the Ukraine crisis.
Asian stock markets mirrored strong rebounds on Wall Street and across Europe seen Tuesday on hopes Russia would not invade Ukraine after Moscow said some of its troops on the countries' border were pulling back.
"The withdrawal of some Russian troops seems to have been accompanied by comments that the door remained open for diplomatic discussions, which was sufficient to prompt a relief rally," noted Richard Hunter, head of markets at Interactive Investor.
"On the other hand, the current elevated level of inflation remains a real concern."
UK annual inflation has hit the highest level since 1992, official data showed Wednesday, adding pressure to the cost of living and on the Bank of England to keep raising rates.
The prospect of higher BoE borrowing costs lent some support to the pound.
Global inflation has reached heights not seen in decades, largely owing to a surge in energy prices as economies reopen from pandemic lockdowns.
World oil prices this week struck the highest levels since 2014, as investors grow increasingly worried about energy supplies in the event of a war between major producer Russia and Ukraine.
Crude futures were back on the rise again Wednesday after tumbling Tuesday on easing conflict fears.
Observers have warned that oil could soon break above $100 per barrel.
"Volatility and uncertainty is just going to be heightened. That can be due to Russia-Ukraine, it could be due to stubborn inflation," Brenda O'Connor Juanas at UBS told Bloomberg Television.
US producer prices rose twice as much as expected in January, firming expectations that the Federal Reserve will from next month begin a series of US interest rate hikes.
"Americans expect inflation to eventually ease next year, but they are growing nervous the peak could be far worse than they initially expected," said Edward Moya, analyst at Oanda trading group.
Investors are awaiting the release of minutes from the Fed's January policy meeting, hoping it will provide clues about the pace and timing of rate hikes.
While the European Central Bank is sitting tight for now, it should start thinking about gradually withdrawing economic stimulus measures, as the risk of acting "too late" against soaring inflation grows, an ECB policymaker has told the Financial Times.
The comments late Tuesday by Isabel Schnabel, a member of the ECB's executive board, comes as the eurozone experiences record-high annual inflation at 5.1 percent.
- Key figures around 1200 GMT -
London - FTSE 100: DOWN 0.2 percent at 7,592.64 points
Frankfurt - DAX: UP 0.1 percent at 15,430.84
Paris - CAC 40: UP 0.1 percent at 6,984.97
EURO STOXX 50: UP 0.2 percent at 4,151.22
Tokyo - Nikkei 225: UP 2.2 percent at 27,460.40 (close)
Hong Kong - Hang Seng Index: UP 1.3 percent at 24,675.63 (close)
Shanghai - Composite: UP 0.6 percent at 3,456.83 (close)
New York - Dow: UP 1.2 percent at 34,988.84 (close)
Brent North Sea crude: UP 1.5 percent at $94.65 per barrel
West Texas Intermediate: UP 1.0 percent at $93.03 per barrel
Euro/dollar: UP at $1.1386 from $1.1361 late Tuesday
Pound/dollar: UP at $1.3566 from $1.3541
Euro/pound: UP at 83.93 pence from 83.88 pence
Dollar/yen: UP at 115.67 yen from 115.62 yen
H.Meyer--CPN