- 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
- Tears, warnings after Japan atomic survivors group win Nobel
- 'Unspeakable horror': the attacks on Hiroshima and Nagasaki
- Stock markets diverge before China weekend briefing
- Christian villagers 'trapped' in south Lebanon crossfire
- Sabalenka sets up Gauff showdown in Wuhan semis
- EU questions shopping app Temu over illegal products risk
- Kim Sei-young holds lead with late birdies at LPGA Shanghai
- Toulouse welcome Dupont 'boost' as Olympic star returns to Top 14
- Japanese atomic bomb survivor group Nihon Hidankyo wins Nobel Peace Prize
- Deadly Israeli strike on Beirut likely targeted Hezbollah security chief
Tokyo stock market hits high; oil prices dip
Japan's benchmark Nikkei 225 stocks index closed above 40,000 points for the first time Monday, while oil prices dipped after major crude producers agreed to cut output for a while longer, as expected.
Europe's main stock markets retreated around midday, with London down nearly half-a-percent awaiting a UK pre-election budget Wednesday.
The European Central Bank was Thursday expected to freeze eurozone interest rates as sticky inflation prevents a cut. The week ends with key US jobs data on Friday.
Tokyo is enjoying a record-run higher thanks to Wall Street rallies, robust corporate earnings and optimism over artificial intelligence, analysts said.
Oil was in focus, one day after Russia, Saudi Arabia and several other OPEC+ members announced extensions to oil production cuts first announced in 2023.
The extension to mid-2024 is part of an agreement among oil producers to boost prices following economic uncertainty.
Elsewhere in stock markets trading, Wall Street's S&P 500 and tech-rich Nasdaq ended Friday at all-time highs off continued momentum for AI-linked equities, especially chip-maker Nvidia, which finished with a valuation above $2 trillion for the first time.
Taiwanese chip giant TSMC rose to a record high Monday, gaining 5.2 percent on the global rally in semiconductor stocks, and helped Taipei's Taiex index add nearly two percent.
The solid performance of global markets provides "favourable trade winds for Asian markets as the new week begins", noted Stephen Innes of SPI Asset Management.
While the US Federal Reserve is now expected to begin trimming interest rates later rather than sooner this year, due to recent hotter-than-expected inflation data, markets have been boosted by stellar earnings results from big tech firms in recent weeks.
Investors will be looking this week also to the release of US jobs figures and Fed boss Jerome Powell's testimony to Congress.
"We don't expect the chair to stray very far from the Fed's recent messaging -- officials are in a 'wait-and-see' mode as there's still a lot of ambiguity in the data," said John Briggs, global head of desk strategy at NatWest Markets.
Hong Kong's stock market finished flat Monday and Shanghai closed higher ahead of the start of China's annual legislative conclave, with officials expressing concern over the nation's struggling economy and youth unemployment as they prepare to present policies for the coming year.
While analysts have called for stronger interventions from Beijing to boost the economy, Innes said more measured moves are likely as a "big bang" stimulus could pose long-term risks to stability.
- Key figures around 1145 GMT -
London - FTSE 100: DOWN 0.5 percent at 7,643.21 points
Paris - CAC 40: DOWN 0.1 percent at 7,929.63
Frankfurt - DAX: DOWN 0.2 percent at 17,705.57
EURO STOXX 50: UP 0.1 percent at 4,900.30
Tokyo - Nikkei 225: UP 0.5 percent at 40,109.23 (close)
Hong Kong - Hang Seng Index: FLAT at 16,595.97 (close)
Shanghai - Composite: UP 0.4 percent at 3,039.31 (close)
New York - Dow: UP 0.2 percent at 39,087.38 (close)
Euro/dollar: UP at $1.0857 from $1.0841 on Friday
Dollar/yen: UP at 150.44 yen from 150.11 yen
Pound/dollar: UP at $1.2680 from $1.2656
Euro/pound: DOWN at 85.63 pence from 85.65 pence
Brent North Sea Crude: DOWN 0.4 percent at $83.24 per barrel
West Texas Intermediate: DOWN 0.4 percent at $79.63 per barrel
A.Malone--AMWN