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- US Supreme Court skeptical of challenge to 'ghost guns' regulation
- Sparks fly as Orban berates EU 'elites' in parliament trip
- US finalizes rule to remove lead pipes within a decade
- Solanke hungry for second England cap after seven-year wait
- Gilded canopy restored at Vatican basilica
- Zverev scrapes through, Djokovic cruises to Shanghai Masters last 16
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- China says raised 'serious concerns' with US over trade curbs
- Boeing delivers 27 MAX jets in September despite strike
- German 'Maddie' suspect could be free in 2025 after cleared of other sex crimes
- Italy seek Nations League consistency as Germany continue rebuild
- From boom to budgeting as reality bites for Saudi football
- Stock markets diverge as Hong Kong sinks, oil prices fall
- US trade gap narrowest in five months as imports slip
- Stay and 'you are going to die': Florida braces for next hurricane
- England 96-1 after Salman's century lifts Pakistan to 556
- Hollywood star Idris Elba champions African cinema in Ghana
- Djokovic rolls Cobolli to make Shanghai Masters last 16
- Milan's Hernandez receives two-game suspension after referee rant
- Geoffrey Hinton, soft-spoken godfather of AI
- Ex-Barcelona and Spain great Iniesta retires aged 40
- Duo wins Physics Nobel for 'foundational' AI breakthroughs
- German 'Maddie' suspect could be free in 2025 after cleared of separate sex crimes
- China slaps provisional tariffs on EU brandy imports
- Ex-skipper Skelton eyes Wallabies November return
- Spanish great Iniesta leaves indelible legacy after retirement
- Indian Kashmir elects first regional government in a decade
- Hong Kong stocks crash, oil prices retreat on fading China boost
- Man City accuse Premier League of 'misleading' claims after legal case
- Duo wins Physics Nobel for key breakthroughs in AI
- Agha defies England as Pakistan post 515-8 in first Test
- September second-warmest on record: EU climate monitor
- Pastor wanted by US for sex trafficking to run for Philippine senate
- Mozambican writer Mia Couto dreams future leaders set an 'example'
- German 'Maddie' suspect could be free soon after cleared of separate sex crimes
- China says to take anti-dumping measures against EU brandy imports
- German suspect in 'Maddie' case cleared in separate sex crimes trial
- Israel expands offensive against Hezbollah in south Lebanon
- China stocks rally fizzles on stimulus worries amid Asia retreat
- Bangladesh's Yunus says no elections before reforms
- England strike twice as Pakistan reach 397-6 at lunch in first Test
- China stocks rally peters out on stimulus worries amid Asia retreat
- Taiwan's Foxconn says building world's largest 'superchip' plant
- Kenya's deputy president faces impeachment vote
- N. Korean soldiers 'highly likely' killed in Ukraine: Seoul
- 'Appeals Centre' to referee EU social media disputes
- US Supreme Court to hear 'ghost guns' regulation case
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European stocks fall as impact of Ukraine war spreads
European stock markets mostly fell Tuesday, as the impact of the Ukraine war spreads with the IMF slashing its global growth forecasts.
Wall Street was up, with the three major indices reporting rises of around 0.8 percent after opening, a marked change from Monday when markets were lower over worries about higher interest rates.
Over in Europe, trading for the first time since Thursday after an extended Easter weekend, London's benchmark FTSE 100 index was flat Tuesday afternoon, the Paris CAC 40 shed 0.7 percent and Frankfurt's DAX index was down 0.1 percent.
The International Monetary Fund sharply downgraded its 2022 global growth forecast to 3.6 percent in its latest outlook report Tuesday, 0.8 points lower than its previous estimate in January.
Energy prices are surging, debt levels are rising and shortages remain acute, the IMF noted, as multiple crises including the Ukraine war and coronavirus pandemic fuel an acceleration of inflation.
"The economic effects of the war are spreading far and wide -- like seismic waves that emanate from the epicenter of an earthquake," IMF chief economist Pierre-Olivier Gourinchas said in the report.
The downgrade was sharper for the eurozone, with the economy now expected to grow by 2.8 percent instead of 3.9 percent.
Asian markets diverged as the region weighs the impact of Covid lockdowns in China, analysts at Charles Schwab investment firm said in a note.
China's economic growth accelerated in the first quarter of the year to 4.8 percent, official data showed Monday, but the government warned of "significant challenges" ahead.
With investor sentiment "extremely negative", Patrick O'Hare of Briefing.com wrote, there is "some speculation that a contrarian rally effort could soon come to fruition".
He also noted there was a "lacklustre" response to some companies' earnings results including pharmaceutical giant Johnson & Johnson and aerospace group Lockheed Martin.
- Key figures around 1425 GMT -
London - FTSE 100: FLAT at 7,617.45 points
Frankfurt - DAX: DOWN 0.1 percent at 14,149.48
Paris - CAC 40: DOWN 0.7 percent at 6,545.16
EURO STOXX 50: DOWN 0.8 percent at 3,753.20
Tokyo - Nikkei 225: UP 0.69 percent at 26,985.09 (close)
Shanghai - Composite: DOWN 0.05 percent at 3,194.03 (close)
Hong Kong - Hang Seng Index: DOWN 2.28 percent at 21,027.76 (close)
New York - Dow: UP 1.1 percent at 34,800.82
Dollar/yen: UP at 128.60 yen from 126.54 yen
Euro/dollar: DOWN at $1.0799 from $1.0802
Pound/dollar: DOWN at $1.3004 from $1.3023
Euro/pound: UP at 83.05 pence from 82.87 pence
Brent North Sea crude: DOWN 4.4 percent at $108.19 per barrel
West Texas Intermediate: DOWN 4.6 percent at $103.23 per barrel
burs-raz/lth
H.E.Young--AMWN