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- Vietnam, China to expand rail links, cross-border payments
- Americans get their belief back as Pochettino makes his mark
- Vietnam, China to boost economic, defence cooperation
- Winning start for Pochettino's American adventure
- Tariffs, tax cuts, energy: What is in Trump's economic plan?
- Amazon wants to be everything to everyone
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- Winning start for Poch's American adventure
- Morocco's tribeswomen see facial tattoo tradition fade
- Centre-left set to win as pro-Ukraine Lithuania votes
- Colombia guerilla group urges delegations not to attend COP16 in Cali
- Pakistan frets over security ahead of SCO summit
- Ronaldo scores 133rd Portugal goal in Nations League win over Poland
- 40 nations contributing to UN Lebanon peacekeeping force condemn 'attacks'
- Eight dead as heavy rain thrashes Brazil after long drought
- Jewish school in Canada hit by gunfire for second time
- Morocco crush Central African Republic, Guirassy scores hat-trick
- Dupont scores quickfire hat-trick on Toulouse Top 14 return
- Ronaldo scores in Portugal's Nations League win as Spain sink Denmark
- Interim boss Carsley has not applied for England job
- Mets hurler Senga ready to take on Dodgers in game one of NL Championship Series
- Ronaldo on target again as Portugal defeat Poland in Nations League
- Guardians rip Tigers 7-3 to advance in MLB playoffs
- AFP, BBC win top French war reporting awards
- Carsley goes back to basics as humbled England face Finland
- Alex Salmond: the man who took Scotland to the brink of independence
- Scotland's former leader Alex Salmond dies aged 69: party
- UN warns of catastrophe as Israel fights a two-front war
- Croatia extend Scotland's losing streak
- South Africa, New Zealand boost T20 World Cup semi-final hopes
- 'Very challenging': Israel faces Hezbollah in tricky terrain
- Farrell begins to feel at home as Racing 92 beat Toulon
- South Africa boost T20 World Cup semi-final hopes with Bangladesh win
- Samson ton powers India to T20 series sweep after record total
- Djokovic to face Sinner in Shanghai final with 100th title in sight
- UN peacekeepers to remain in Lebanon: spokesman
- Pro-Conquest film fuels debate in Mexico over colonial legacy
- Samson ton powers India to record 297-6 in Bangladesh T20
- New Zealand enjoy perfect start to America's Cup defence over Britain
- Pogacar emulates icon Coppi with fourth straight Il Lombardia triumph
- UN warns against 'catastrophic' regional conflict
- New Zealand crush Ineos Britannia in America's Cup opener
- Djokovic to face Sinner in blockbuster Shanghai Masters final
- With medical report Harris seeks to play health card against Trump
- Sri Lanka seeks to match success in W.Indies T20s
- Sinner reaches Shanghai final, will end year number one
- China-EU EV tariff talks in Brussels end with 'major differences': Beijing
- Sabalenka downs Gauff in three sets to reach Wuhan final
Global stocks rebound as tech snaps losing streak
Global stocks rebounded Thursday in choppy trade as investors assessed the outlook for interest rates and tech giants rebounded from recent losses.
All three major indexes on Wall Street finished the day firmly in the black, led by the tech-rich Nasdaq Composite index, which closed up 1.4 percent.
Among individual firms, the chip-making behemoth Taiwan Semiconductor Manufacturing Company saw its share price in New York surge almost 10 percent after beating earnings expectations.
Apple's share price was lifted by 3.3 percent after its stock was upgraded to "buy" by a Bank of America analyst.
European markets also closed higher, as did most Asian markets, while oil prices rose amid continued unrest in the Middle East.
- Snapping the losing streak -
Thursday's optimism stands in stark contrast to trading a day earlier.
Then, global stocks sank after stronger-than-expected US retail sales data dimmed hopes for an early start to US Federal Reserve rate cuts, while weak Chinese growth data gave cause for concern, and the UK saw an unexpected acceleration in inflation.
"Stock markets are modestly higher on Thursday, recovering some of Wednesday's losses as investors seemingly struggle to determine where things stand," said market analyst Craig Erlam at OANDA.
"There's clearly a desperate desire to cling on to the optimism that enabled such a strong end to the year but unlike in that period, the data isn't really playing ball," he added.
It wasn't all good news in the United States, however, as retail store Macy's announced it was cutting more than 2,300 jobs as part of a new strategy to streamline the company.
The news sent its share price down around 0.3 percent in after-hours trading.
- Fed cuts before Q3? -
Earlier Thursday, a senior Federal Reserve official indicated he expected the US central bank to cut interest rates in the third quarter -- and maybe even earlier than that.
"If we continue to see a further accumulation of downside surprises in the data, it's possible for me to get comfortable enough to advocate normalization sooner than the third quarter," Atlanta Fed President Raphael Bostic told a conference in the city.
"But the evidence would need to be convincing," added Bostic, who is a voting member of the Fed's rate-setting committee this year.
Bostic's comments follow those of other Fed officials, whose remarks appear intended to cool market expectations of an interest rate cut in March.
But despite their interventions, futures traders still assign a probability of more than 55 percent that the Fed will cut interest rates in March, according to data from CME Group.
- Gambling boosts FTSE -
The British capital's FTSE 100 also shifted back into the black following bright news in the betting sector, where gambling giant Flutter revealed surging annual sales and an imminent US listing.
The news sent its share price rocketing 15 percent to top the FTSE 100 risers board.
In Asia, stocks mostly trod higher, but gains were capped by a lack of meaningful measures by Beijing to boost China's economy following news of poor 2023 growth.
Hong Kong and Shanghai enjoyed some rare gains on bargain-buying after recent losses, though worries about China's economic outlook continued to drag on sentiment following Wednesday's soft economic growth figures.
- Key figures around 2030 GMT -
New York - Dow: UP 0.5 at 37,468.61 points (close)
New York - S&P 500: UP 0.9 percent at 4,780.94 (close)
New York - Nasdaq: UP 1.4 percent at 15,055.65 (close)
London - FTSE 100: UP 0.2 percent at 7,459.09 (close)
Paris - CAC 40: UP 1.1 percent at 7,401.35 (close)
Frankfurt - DAX: UP 0.8 percent at 16,567.35 (close)
EURO STOXX 50: UP 1.1 percent at 4,453.05 (close)
Tokyo - Nikkei 225: FLAT at 35,466.17 (close)
Hong Kong - Hang Seng Index: UP 0.8 percent at 15,391.79 (close)
Shanghai - Composite: UP 0.4 percent at 2,845.78 (close)
Euro/dollar: DOWN at $1.0879 from $1.0883 on Wednesday
Dollar/yen: DOWN at 148.11 yen from 148.16 yen
Pound/dollar: UP at $1.2708 from $1.2676
Euro/pound: DOWN at 85.58 pence from 85.84 pence
West Texas Intermediate: UP 2.1 percent at $74.08 per barrel
Brent North Sea Crude: UP 1.6 percent at $79.10 per barrel
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B.Finley--AMWN