- 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
- Lebanon calls for 'immediate' ceasefire in Israel-Hezbollah war
- Nihon Hidankyo: Japan's A-bomb survivors awarded Nobel
- Thunberg leads pro-Palestinian, climate protest in Milan
- Boat captain rescued clinging to cooler in Gulf of Mexico after storm Milton
Global stocks mixed on Fed rate cut caution ahead of Nvidia results
Wall Street stocks were mixed Wednesday, reversing some earlier declines, as traders nervously awaited earnings from US tech darling Nvidia and digested Federal Reserve minutes that signaled slower interest rate cuts ahead.
The minutes of last month's Fed decision showed that officials had mixed views over the timing of cutting interest rates -- but most members were more concerned about moving too early.
"The minutes continue to indicate that the Fed is very cautious on cutting rate too soon," said Peter Cardillo from Spartan Capital.
The Dow Jones Industrial Average finished 0.1 percent higher, as did the broad-based S&P 500.
But the tech-rich Nasdaq Composite Index fell 0.3 percent, dragged down by Nvidia ahead of its earnings results for the fourth quarter.
Shortly after the closing bell, the tech firm reported earnings results that beat expectations.
The news pushed its share price more than seven percent higher in after-hours trading.
- Europe, Asia mixed -
In Europe, London was dragged lower by HSBC, whose share price plunged more than eight percent after the banking giant revealed a shock $3 billion impairment on Chinese activities.
In the eurozone, the Frankfurt and Paris stock markets edged higher, with the CAC 40 in Paris setting new intraday and closing highs.
Hong Kong and Shanghai markets jumped after Beijing's latest measures to boost China's stuttering economy.
The People's Bank of China said Tuesday that it was lowering the five-year loan prime rate, used to price mortgages, from 4.2 to 3.95 percent -- the largest reduction since the key rate was revamped in 2019.
World oil prices rose and the dollar climbed against the yen and the pound, while remaining unchanged against the euro.
"Markets remained skittish ahead of two major events that could have a significant influence over the direction of equities in the coming weeks," said Danni Hewson, head of financial analysis at stockbroker AJ Bell.
The European Central Bank (ECB) is due to follow in the Fed's footsteps and publish the minutes of its most recent meeting on eurozone monetary policy on Thursday.
Like the Fed, the ECB's release will be closely examined for clues on when it could start cutting interest rates as inflation cools.
- Key figures around 2110 GMT -
New York - Dow: UP 0.1 percent at 38,612.24 points (close)
New York - S&P 500: UP 0.1 percent at 4,981.80 (close)
New York - Nasdaq Composite: DOWN 0.3 percent at 15,580.87 (close)
London - FTSE 100: DOWN 0.7 percent at 7,662.51 (close)
Paris - CAC 40: UP 0.2 percent at 7,812.09 (close)
Frankfurt - DAX: UP 0.3 percent at 17,118.12 (close)
EURO STOXX 50: UP 0.3 percent at 4,775.31 (close)
Tokyo - Nikkei 225: DOWN 0.3 percent at 38,262.16 (close)
Hong Kong - Hang Seng Index: UP 1.6 percent at 16,503.10 (close)
Shanghai - Composite: UP 1.0 percent at 2,950.96 (close)
Euro/dollar: UP at $1.0817 from $1.0808 on Tuesday
Dollar/yen: UP at 150.24 yen from 150.01 yen
Pound/dollar: UP at $1.2630 from $1.2623
Euro/pound: FLAT at 85.67 pence from 85.62 pence
Brent North Sea Crude: UP 0.8 percent at $83.03 per barrel
West Texas Intermediate: UP 1.1 percent at $77.91 per barrel
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D.Sawyer--AMWN