- 'Dark day': Victims mourned around the globe on Oct. 7 anniversary
- On attacks anniversary, Israel fights multi-front war
- Mexican mayor murdered days after taking office
- Intensifying to Category 5, Hurricane Milton targets Florida
- Mission to probe smashed asteroid launches despite hurricane
- Biden, Harris mark Oct. 7 with call for Mideast peace
- Dupont set for Toulouse return after post-Olympic holiday
- French rugby bosses tighten discipline after nightmare Argentina tour
- Oil prices extend gains on Mideast tensions, Wall Street slips
- Visitors to get rare view of Rome's Trevi Fountain
- Europe's asteroid mission Hera launches despite hurricane
- Man City and Premier League both claim victory in legal case
- Deschamps delight as 'light back on' for Pogba after doping ban
- Biden, Harris urge Mideast peace on Oct. 7 anniversary
- Neeskens, tough midfielder in Cruyff's Ajax and Dutch teams
- UN warns world's water cycle becoming ever more erratic
- Oil prices extend gains on Mideast tensions, Wall Street retreats
- Ex-Dutch football star Johan Neeskens dies
- Man Utd battling to improve fortunes, says Evans
- What is microRNA? Nobel-winning discovery explained
- Masood, Abdullah centuries lift Pakistan to 328-4 in first England Test
- Hurricane Milton strengthens fast, threatens Mexico, Florida
- Tunisia's President Saied set for landslide election win
- Barca hoping to return to Camp Nou 'by end of year'
- Trump to open second golf course at Scotland resort in summer 2025
- Super-sub Jhon Duran rewarded with new Aston Villa deal
- US duo win Nobel for gene regulation breakthrough
- Masood hits first ton for four years to power Pakistan to 233-1
- Fritz wins delayed match to reach Shanghai Masters third round
- Naomi Osaka pulls out of Japan Open with back injury
- Weather may delay launch of mission to study deflected asteroid
- China to flesh out economic stimulus plans after bumper rally
- Artist Marina Abramovic hopes first China show offers tech respite
- Asian markets track Wall St rally on US jobs data
- Pakistan 122-1 at lunch in first England Test
- Kazakhs approve plan for first nuclear power plant
- World marks anniversary of Oct. 7 attack on Israel
- 'Second family': tennis stars hunt winning formula with new coaches
- Philippines, South Korea agree to deepen maritime cooperation
- Mexico mayor murdered days after taking office
- Sardinia's sheep farmers battle bluetongue as climate warms
- Japan govt admits doctoring 'untidy' cabinet photo
- Israel marks first anniversary of Hamas's October 7 attack
- Darvish tames Ohtani as Padres thrash Dodgers
- Asian markets track Wall St rally on jobs data
- Family affair as LeBron, Bronny James make Lakers bow
- Cancer, cardiovascular drugs tipped for Nobel as prize week opens
- As Great Salt Lake dries, Utah Republicans pardon Trump climate skepticism
- Amazon activist warns of 'critical situation' ahead of UN forum
- Mourners pay tribute to latest victims of deadly Channel crossing
CMSC | -0.2% | 24.65 | $ | |
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BCE | -0.42% | 33.57 | $ |
Stock markets mostly rise as focus turns to interest rates
Major stock markets mostly advanced Monday as investors looked ahead to key interest-rate decisions this week in the United States and elsewhere.
Leading Asian and European indices largely gained following last week's volatility caused by mixed earnings and big selling of technology stocks.
The US Federal Reserve, Bank of England and Japan's central bank are due this week to update on their monetary policies with US jobs data and more results from multinationals also set to come out.
"While no change is expected at the Federal Reserve meeting this week, the odds are now strongly in favour of a cut in September," noted Richard Hunter, head of markets at Interactive Investor.
On Thursday, a day after the Fed's latest decision, the Bank of England may cut borrowing costs for the first time since the Covid pandemic after a sizeable fall to British inflation this year, analysts said.
They added that the decision is on a knife-edge, similar to what is expected over the Bank of Japan's decision.
Expectations for a rise, either this week or at the BoJ's next meeting, along with bets on a Fed cut, have helped push the yen higher against the dollar after it hit a four-decade low near at the start of July.
Moody's Analytics believes the BoJ will leave rates on hold despite a pickup in Japanese inflation.
Wall Street reopens Monday after its main indices jumped more than one percent Friday. This followed publication of the Fed's preferred gauge of inflation, the personal consumption expenditures (PCE) index, that slowed to 2.5 percent last month.
The reading, which was just above the US central bank's two percent target, was the latest to boost bets on a rate cut in September and pushed up expectations for two more before January.
- Key figures around 1115 GMT -
London - FTSE 100: UP 0.7 percent at 8,343.70 points
Paris - CAC 40: DOWN 0.4 percent at 7,489.12
Frankfurt - DAX: UP 0.3 percent at 18,470.44
Euro STOXX 50: UP 1.0 percent at 4,859.83
Tokyo - Nikkei 225: UP 2.1 percent at 38,468.63 (close)
Hong Kong - Hang Seng Index: UP 1.3 percent at 17,238.34 (close)
Shanghai - Composite: FLAT at 2,891.85 (close)
New York - Dow: UP 1.6 percent at 40,589.34 (close)
Dollar/yen: DOWN at 153.63 yen from 153.75 yen on Friday
Euro/dollar: DOWN at $1.0836 from $1.0859
Pound/dollar: DOWN at $1.2840 from $1.2875
Euro/pound: UP at 84.36 pence at 84.32 pence
West Texas Intermediate: DOWN 0.6 percent at $76.71 per barrel
Brent North Sea Crude: DOWN 0.5 percent at $80.72 per barrel
L.Mason--AMWN