- Musiala and Upamecano return to Bayern training
- Wirtz return 'unclear' after injury on Germany duty
- Ghulam says 'wait is over' after century on Pakistan debut
- Boeing to raise up to $25 bn as strike weighs on finances
- Two giant pandas arrive in US from China
- Japan hold Australia, S. Korea and China win in World Cup qualifying
- Mbappe's golden-boy image takes a hit amid negative headlines
- Hezbollah threatens to attack targets across Israel
- Oil prices fall on easing Middle East fears
- Wales lock Jenkins to miss November Tests with 'horrible' injury lay-off
- France to play Israel in Paris and allow fans in
- Twin panda cubs to make public debut at Berlin zoo
- Scotland's Kinghorn maintains Lions 'dream' despite Toulouse clash
- Pakistan debutant Ghulam hits century to defy England in second Test
- Boeing announces intention to raise up to $25 bn
- Tuchel 'in talks with FA' over England manager's job
- Dutch rider Lavreysen targets record at world track championships
- Bangladesh suspend Hathurusingha as coach after alleged assault
- Russian Olympic chief announces surprise resignation
- Ferguson to leave Man Utd ambassador role as club cuts costs
- Turkish govt defends tax plan to fund defence industry
- Oil prices tumble on easing Middle East fears
- Eidevall quits as Arsenal Women head coach
- US, Philippines launch war games after China's Taiwan drills, ship collision
- Swedish prosecutor confirms 'rape' probe without naming Mbappe
- England dismiss Ayub but Pakistan reach 173-3 at tea in second Test
- Israel vows to put 'national interest' first in response to Iran attack
- Oil prices hit by easing Middle East fears, most Asian markets rise
- Mbappe-PSG salary row faces hearing as France captain cited in 'rape' report
- K-pop star tells South Korea lawmakers of workplace bullying
- Ex-Wallabies captain Elsom denies wrongdoing after arrest warrant
- Pakistan 79-2 at lunch in second England Test after Leach strikes
- Hopes pinned on peace across Taiwan Strait after drills
- Valencia fans leave Singapore with 'stern warning' after protest
- Falling sales cause sour grapes for iconic Portugal wine
- Belgian pathologist and literary star gives 'voice to the dead'
- Ethiopia's 'korale' recyclers turn waste into money
- Italy row, AI in focus at world's biggest book fair
- US, Philippines launch war games a day after China's Taiwan drills
- Scotland lock Gray signs for Japan's Toyota
- Allen and Bills foil Rodgers, outlast Jets 23-20
- North Korea blows up roads connecting it to the South
- East Timor fights new battles 25 years after independence vote
- Japan election campaigns kick off for Oct 27 vote
- Home runs propel Mets, Yankees to MLB playoff victories
- Taiwan detects record 153 Chinese military aircraft after drills
- Oil prices drop on easing fears over Middle East, most markets rise
- Reoxygenating oceans: startups lead the way in Baltic Sea
- North Korea's Kim holds security meeting over drone flights
- Cars, chlamydia threaten Australian koalas
Global stocks fall after Fed keeps rate hike threat alive
US stock markets fell Thursday after Federal Reserve chair Jerome Powell warned inflation is "still too high" despite a recent slowdown, leaving the door open for another interest rate hike if needed.
On Wall Street, the Dow Jones Industrial Average lost 0.8 percent, while the broad-based S&P 500 Index slipped 0.9 percent, and the tech-heavy Nasdaq Composite Index slumped 1.0 percent.
"Inflation is still too high, and a few months of good data are only the beginning of what it will take to build confidence that inflation is moving down sustainably toward our goal," Powell told a conference in New York.
Additional evidence of "persistently above-trend growth" or fresh signs of tightness in the labor market "could warrant further tightening of monetary policy," he said.
Investors around the world were also contending with rising US Treasury yields and the concerns that the Israel-Hamas war could spiral into a wider conflict in the oil-rich Middle East.
Europe's main stock markets extended losses following heavy falls earlier in Asia, while oil prices ticked higher.
"The current risk appetite remains conservative at best, due to the prevailing economic uncertainties and heightened geopolitical risks emitting from the Middle East," said Fawad Razaqzada, analyst at City Index and FOREX.com.
- Treasury yield continues ascent -
The yield on the 10-year US Treasury note, seen as a proxy for US interest rates, rose above five percent for the first time since 2007.
A reason for the climb, said Peter Cardillo of Spartan Capital, is that the market feels "Fed rates will stay high for an extended period of time."
"The surge in US 10-year Treasury yields, perhaps a delayed reaction from robust US retail sales data earlier, has taken the forefront in global financial markets," Razaqzada said.
Weekly jobless claims data meanwhile came in lower than expected Thursday, suggesting that the labor market is tighter than many predicted.
"The key takeaway from the report is the remarkably low level of initial jobless claims -- a leading indicator -- which conveys a tight labor market that is a good portent for continued strength in consumer spending," Patrick O'Hare from Briefing.com wrote in a note before markets opened.
Among individual companies, shares in electric vehicle maker Tesla dropped 9.3 percent one day after its results missed analyst estimates.
But streaming giant Netflix's shares surged more than 16 percent after it reported that its subscriber numbers grew nearly 11 percent to 247 million in the recently ended quarter, in part due to a crackdown on password sharing.
- Key figures around 2100 GMT -
New York - Dow: DOWN 0.8 percent at 33,414.17 points (close)
New York - S&P 500: DOWN 0.9 percent at 4,278.00 (close)
New York - Nasdaq Composite: DOWN 1.0 percent at 13,186.18 (close)
London - FTSE 100: DOWN 1.2 percent at 7,499.53 (close)
Frankfurt - DAX: DOWN 0.3 percent at 15,045.23 (close)
Paris - CAC 40: DOWN 0.6 percent at 6,921.37 (close)
EURO STOXX 50: DOWN 0.4 percent at 4,090.33 (close)
Tokyo - Nikkei 225: DOWN 1.9 percent at 31,430.62 (close)
Hong Kong - Hang Seng Index: DOWN 2.5 percent at 17,295.89 (close)
Shanghai - Composite: DOWN 1.7 percent at 3,005.39 (close)
Euro/dollar: UP at $1.0583 from $1.0536 on Wednesday
Pound/dollar: UP at $1.2142 from $1.2140
Dollar/yen: DOWN at 149.81 yen from 149.93 yen
Euro/pound: UP at 87.14 pence from 86.78 pence
Brent North Sea crude: UP 1.0 percent at $92.38 per barrel
West Texas Intermediate: UP 1.2 percent at $89.37 per barrel
burs-rl-da/sst
P.M.Smith--AMWN