- Russian prosecutor demands 3 years prison for French researcher
- 'Innocent' British nerve agent victim caught in global murder plot: inquiry
- Afghan Taliban vow to implement media ban on images of living things
- Russian prosecutor demands 3 years, 3 months jail for French researcher
- England ready for Pakistan's spin assault in second Test
- New Zealand's Ravindra excited for India Tests with father in crowd
- India's capital bans fireworks to curb air pollution
- Stocks diverge, oil retreats as China disappoints markets
- FIFA to open 'global dialogue' on transfer system after Diarra ruling
- Trio wins economics Nobel for work on wealth inequality
- Starmer vows to cut red tape as he urges foreign investors to 'back' UK
- Ex-Stasi officer jailed over 1974 Berlin border killing
- 'Not viable': Barcelona turns against surging tourism
- Hezbollah says targeted Israeli naval base after deadly drone strike
- Rice praises 'unbelievable' England interim boss Carsley despite uncertainty
- Nepali teenager hailed as hero after climbing world's 8,000m peaks
- England captain Stokes back from injury for second Pakistan Test
- Shanghai stocks gain after stimulus briefing as markets rally
- Shanghai stocks gain after stimulus briefing as Asian markets rally
- South Korea military says 'fully ready' as drone flights anger North
- Pakistan 'vigilantes' behind rise in online blasphemy cases
- Nearly 90, but opera legend Kabaivanska is still calling tune
- Smith experiment as Test opener over, Green out of India series
- With inflation down, ECB eyes faster tempo of rate cuts
- Is life possible on a Jupiter moon? NASA goes to investigate
- Dodgers crush Mets 9-0 in MLB playoff series opener
- South Korea military says 'fully ready' as drone tensions soar
- Cummins back, Marsh and Head out of Pakistan ODI series
- Shanghai stocks swing after stimulus briefing as most of Asia rises
- New Zealand's Latham promises 'no fear' as he takes charge for India Tests
- Kyrgios vows to 'shut up' doubters with December comeback
- Public hearings start into death of Brit by Russian nerve agent
- Ex-Stasi officer faces verdict over 1974 Berlin border killing
- Role of government, poverty research tipped for economics Nobel
- 'Stolen satire' feeds US election misinformation
- Rookie McCarty captures first PGA Tour title in Black Desert Championship
- Australia all-rounder Green ruled out of India Test series
- Seeing double in Nigeria's 'twins capital of the world'
- UK FM to attend EU foreign affairs talks for first time in 2 years
- Carter, Billups among 13 new Basketball Hall of Fame inductees
- Ravens rip Commanders as Lions lose NFL sacks leader in win
- Hezbollah drone strike kills four, wounds dozens at Israeli base
- China says launches military drills around Taiwan
- Stewart leads Liberty past Lynx to level WNBA Finals
- England return to winning ways in Nations League, Austria thrash Norway
- UN chief says attacks on UNIFIL 'may constitute a war crime'
- Ravens outlast Commanders while Bucs batter Saints in NFL
- Dozens hurt in Israel as Hezbollah claims drone strike
- England deserve 'world class' coach: Carsley
- Burkina Faso win to become first qualifiers for 2025 AFCON
Stock markets retreat as oil prices dip ahead of OPEC +
Global stocks drifted lower Monday, with investors pointing to equity buying fatigue, while oil prices declined ahead of a closely watched meeting of crude exporters.
After four straight weeks of gains in New York, "today's price action, resembled a tired market," said Briefing.com analyst Patrick O'Hare.
Still, major US indices lost only between 0.1 percent and 0.2 percent, a small enough decline that suggests "participants aren't looking to sell anything in earnest, just yet," O'Hare said.
The retreat in equities comes after a recent run-up across world stock markets fueled by bets the US central bank has finished lifting interest rates as inflation comes down and the jobs market comes off the boil.
The main focus this week is the release Thursday of the personal consumption expenditures (PCE) price index, the Federal Reserve's preferred gauge of inflation.
"These numbers will be closely scrutinized for insights into inflation trends and their potential implications for monetary policy decisions," said SPI Asset Management's Stephen Innes.
"While the current backdrop does not signify 'mission accomplished' in terms of addressing inflation, policymakers must now focus on planning for the next phase of the economic battle."
Other key US reports include a survey of the manufacturing sector and the Conference Board's report on consumer confidence, which could hint at what to expect from the holiday shopping season.
Eyes are also on developments at OPEC after the group and its allies, notably Russia, delayed a meeting aimed at agreeing production quotas, with some African countries said to be baulking at Saudi Arabian calls for more cuts.
The group is thought to be close to reaching an agreement that could see the Saudis and Russia extend output reductions into the new year.
OANDA analyst Craig Erlam said the OPEC+ group has shown in the past it usually can get a deal done, even if Saudi Arabia and Russia need shoulder bigger cuts.
"But the question is how far they'll push it, given the recent trend in oil prices and increasing concerns around global growth next year," said Erlam.
Crude prices have fallen in recent weeks as demand is seen coming down owing to slowing economies, particularly China's, and the Middle East conflict appears to not have expanded to include other countries in the region.
- Key figures around 2130 GMT -
New York - DOW: DOWN 0.2 percent at 35,333.47 (close)
New York - S&P 500: DOWN 0.2 percent at 4,550.43 (close)
New York - Nasdaq: DOWN 0.1 percent at 14,241.02 (close)
London - FTSE 100: DOWN 0.4 percent at 7,460.70 (close)
Paris - CAC 40: DOWN 0.4 percent at 7,265.49 (close)
Frankfurt - DAX: DOWN 0.4 percent at 15,966.37 (close)
EURO STOXX 50: DOWN 0.4 percent at 4,354.41 (close)
Tokyo - Nikkei 225: DOWN 0.5 percent at 33,447.67 (close)
Hong Kong - Hang Seng Index: DOWN 0.2 percent at 17,525.06 (close)
Shanghai - Composite: DOWN 0.3 percent at 3,031.70 (close)
Euro/dollar: UP at $1.0958 from $1.0939
Pound/dollar: UP at $1.2627 from $1.2603
Euro/pound: DOWN at 86.75 pence from 86.80 pence
Dollar/yen: DOWN at 148.64 from 149.44 yen
West Texas Intermediate: DOWN 0.9 percent at $74.86 per barrel
Brent North Sea crude: DOWN 0.7 percent at $79.98 per barrel
burs-rl/caw
L.Harper--AMWN