- 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
- European Mediterranean states discuss Middle East, migration
- Djokovic proves staying power as progresses to Shanghai semi-finals
- Hurricane Milton leaves at least 16 dead as Florida cleans up
- Britain face 'ultimate challenge' in America's Cup duel with New Zealand
Global stocks rally even as Japan, Britain enter recession
Global stocks rose to fresh records Thursday despite lackluster economic data that included negative growth reports from Britain and Japan that qualified both countries as in recession.
The US Commerce Department reported a bigger than expected 0.8 percent decline in January retail sales, a pullback after the holiday season that suggested possible vulnerability in consumers.
US indices were pressured in the early going, but "people woke up in the afternoon and saw the way things were moving and went with that trend," said Art Hogan of B. Riley Wealth Management.
The broad-based S&P 500 finished up 0.6 percent at 5,029.73, an all-time high.
Meanwhile, eurozone stocks advanced despite the European Commission cutting growth forecasts while also trimming their inflation forecasts.
Both Paris and Frankfurt set new intraday and closing highs thanks to strong corporate results.
Carmakers drove the Paris stock market upwards after Stellantis posted record 2023 profits as demand revved higher for new vehicles, one day after news of bumper annual earnings from rival Renault.
Renault and Stellantis saw their shares rally over five percent and topped the risers board.
Frankfurt stocks advanced strongly after Commerzbank revealed that higher interest rates had helped it achieve its biggest annual net profit in 15 years, sending shares in Germany's second-largest lender also up more than five percent.
London equities also advanced despite official data showing the UK entered recession at the end of last year, as high inflation prolonged a cost-of-living crisis for millions of Britons.
UK gross domestic product shrank 0.3 percent in the fourth quarter of 2023 after contracting 0.1 percent in the prior three months.
That places the British economy in recession, which is defined as two quarters in a row of falling GDP.
The weak data has driven fresh hopes that rate cuts may be forthcoming in the UK, and with Germany also teetering on the brink of a recession, that the eurozone may see rate cuts sooner than anticipated, said Chris Beauchamp, Chief Market Analyst at online trading platform IG.
Tokyo stocks rallied despite the data showing that the Japanese economy had also entered recession -- and has been overtaken by Germany as the world's third-biggest economy.
Elsewhere, Taipei's Taiex stocks hit a record high, fueled by a surge in chip giant Taiwan Semiconductor Manufacturing Company (TSMC) after it reported strong sales that lifted optimism for the sector and demand for chips used for artificial intelligence.
- Key figures around 2130 GMT -
New York - Dow: UP 0.9 percent at 38,773.12 (close)
New York - S&P 500: UP 0.6 percent at 5,029.73 (close)
New York - Nasdaq Composite: UP 0.3 percent at 15,906.17 (close)
London - FTSE 100: UP 0.4 percent at 7,597.53 (close)
Paris - CAC 40: UP 0.9 percent at 7,743.42 (close)
Frankfurt - DAX: UP 0.6 percent at 17,046.69 (close)
EURO STOXX 50: UP 0.7 percent at 4,743.17 (close)
Tokyo - Nikkei 225: UP 1.2 percent at 38,157.94 (close)
Hong Kong - Hang Seng Index: UP 0.4 percent at 15,944.63 (close)
Shanghai - Composite: Closed for holiday
Euro/dollar: UP at $1.0774 from $1.0727 on Wednesday
Dollar/yen: DOWN at 150.24 yen from 150.58 yen
Pound/dollar: UP at $1.2577 from $1.2566
Euro/pound: UP at 85.53 pence from 85.37 pence
Brent North Sea Crude: UP 1.5 percent at $82.86 per barrel
West Texas Intermediate: UP 1.8 percent at $78.03 per barrel
burs-jmb/st
A.Rodriguezv--AMWN