- Israel warns south Lebanon residents to 'not return'
- Sinner tames Machac to reach Shanghai Masters final
- Buried Nazi past haunts Athens on liberation anniversary
- Harris to release medical report confirming fitness for presidency: campaign
- Nobel prize a timely reminder, Hiroshima locals say
- Hezbollah fires at Israel as wars rage on Yom Kippur
- Analysts warn more detail needed on new China economic measures
- China tees up fresh spending to boost ailing economy
- China says will issue special bonds to boost ailing economy
- China offers $325 bn in fiscal stimulus for ailing economy
- Dodgers drop Padres 2-0 to advance in MLB playoffs
- Alexei Navalny wrote he knew he would die in prison in new memoir
- Last-minute legal ruling allows betting on US election
- Despite hurricanes, Floridians refuse to leave 'paradise'
- Israel observes Yom Kippur amid firestorm over Lebanon strikes
- Trump demonizes migrants in dark, misleading speech
- X says 'alert' to manipulation efforts after pro-Russia bots report
- US, European markets rise before Boeing unveils sweeping job cuts
- Small Quebec company dominates one part of NHL hockey: jerseys
- Comoros shock Tunisia, Salah, Mbeumo strike in AFCON qualifiers
- Boeing to cut 10% of workforce as it sees big Q3 loss
- Germany win in Nations League as 10-man Dutch rescue point
- Undav brace sends Germany to victory against Bosnia
- Israel says fired at 'threat' near UN position in Lebanon
- Want to film in Paris? No sexism allowed
- Ecuador's last mountain iceman dies at 80
- Milton leaves at least 16 dead, millions without power in Florida
- Senegal set to announce breakaway development agenda: PM
- UN says 2 peacekeepers wounded in south Lebanon explosions
- Injury-hit Australia thrash 'embarrassing' Pakistan at Women's T20 World Cup
- Internal TikTok documents show prioritization of traffic over well-being
- Israel says fired at 'immediate threat' near UN position in Lebanon
- New US coach Pochettino hails Pulisic but worries over workload
- Brazil orders closure of 2,000 betting sites
- UK govt urged to raise pro-democracy tycoon's case with China
- Sculptor Lalanne's animal creations sell for $59 mn
- From Tesla to Trump: Behind Musk's giant leap into politics
- US, European markets rise as investors weigh rates, earnings
- In Colombia, children trade plastic waste for school supplies
- Supercharged hurricanes trigger 'perfect storm' for disinformation
- JPMorgan Chase profits top estimates, bank sees 'resilient' US economy
- Djokovic proves staying power as he progresses to Shanghai semi-finals
- Sheffield Utd boss Wilder 'numb' after Baldock death
- Little progress at key meet ahead of COP29 climate summit
- Fans immerse themselves in Marina Abramovic's first China exhibition
- Israel says conducting review after UN peacekeepers wounded in Lebanon
- 'Party atmosphere': Skygazers treated to another aurora show
- Djokovic 'overwhelmed' after 'greatest rival' Nadal's retirement
- Zelensky in Berlin says hopes war with Russia will end next year
- Kyrgyzstan opens rare probe into glacier destruction
US, European stocks advance ahead of inflation data
US stocks pushed further into record territory on Monday as investors awaited US inflation data and other major economic releases due this week.
Surging share prices of tech titans Amazon, Apple and Microsoft following a strong earnings season have propelled Wall Street's main indices to new summits in recent weeks, but attention this week returns to interest rates.
The US Federal Reserve has indicated it will likely begin to cut interest rates -- which it began to hike in 2022 to tame surging inflation -- later this year as the pace of price rises return closer to its 2.0 percent target.
That has heightened the attention of investors to US inflation data, and Wall Street pushed further into record territory ahead of Tuesday's US consumer price index (CPI) data for January.
Revised data released on Friday showing the CPI cooling in December has added to optimism that the Federal Reserve is on course to bring inflation under control, although observers are sceptical as to whether officials would cut US interest rates as early as markets expect.
"Indices will be waiting patiently for tomorrow's US inflation data, with market predictions of a sharp... decline in the headline (January) CPI figure providing a potential tailwind for equities," noted Joshua Mahony, chief market analyst at trading group Scope Markets.
While annual inflation is expected to have dropped to 2.9 percent in January, Matthew Weller at FOREX.com and City Index noted that survey data suggests inflation may pick up again in the coming months.
"This is no doubt a concern for the Fed and may lead to a smaller-than-expected reaction even if this week's (lagging) CPI reading comes in below expectations," he wrote in a note to clients.
A regular survey by the New York Fed of consumers released on Monday was reassuring, finding their inflation expectations steady while those concerning wages and access to credit improved.
In Europe, eurozone stocks pushed higher while London was flat ahead of UK inflation, GDP, retail sales and employment data to be released later this week.
Another record close for the S&P 500 in New York on Friday did little to inspire buying Monday, with key markets in Asia shut for the Lunar New Year break.
Sydney, Bangkok, Mumbai and Wellington ended lower Monday -- while Jakarta and Manila edged higher.
Tokyo, Hong Kong, Shanghai, Taipei, Seoul, Singapore and Kuala Lumpur were closed for the regional holiday season.
Oil prices fell before key market updates from the Organisation of Petroleum Exporting Countries and International Energy Agency.
"This week sees both OPEC and the IEA release their latest monthly reports, with markets keeping a close eye out for any updated supply and demand forecasts," said analyst Mahony.
The IEA energy watchdog last month forecast world oil supplies to rise further this year as sliding demand growth amid China's economic weakness offsets fears of a wider conflict in the crude-rich Middle East.
- Key figures around 1630 GMT -
New York - Dow: UP 0.4 percent at 38,831.85 points
New York - S&P 500: UP 0.3 percent at 5,042.43
New York - Nasdaq Composite: UP 0.4 percent at 16,055.54
London - FTSE 100: FLAT at 7,573.69 (close)
Paris - CAC 40: UP 0.6 percent at 7,669.80 (close)
Frankfurt - DAX: UP 0.7 percent at 17,037.35 (close)
EURO STOXX 50: UP 0.7 percent at 4,746.35 (close)
Tokyo - Nikkei 225: Closed for holiday
Hong Kong - Hang Seng Index: Closed for holiday
Shanghai - Composite: Closed for holiday
Euro/dollar: DOWN at $1.0778 from $1.0789 on Friday
Dollar/yen: UP at 149.39 yen from 149.26 yen
Pound/dollar: DOWN at $1.2626 from $1.2631
Euro/pound: DOWN at 85.33 pence from 85.40 pence
West Texas Intermediate: DOWN 0.3 percent at $76.60 per barrel
Brent North Sea Crude: DOWN 0.6 percent at $81.67 per barrel
burs-rl/rlp
O.M.Souza--AMWN