- 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
- Tunisia incumbent Saied set to win presidential vote: exit polls
- Phillies win thriller to level Mets series
- Yu bags first PGA Tour win with playoff win
- PSG held by Nice to leave Monaco clear at top of Ligue 1
- AC Milan fall at Fiorentina after De Gea's penalty heroics
- Lewandowski treble for leaders Barca as Atletico held
- Fresh Israeli strikes hit south Beirut
- Sucic stunner earns Real Sociedad draw against Atletico
- PSG draw with Nice, fail to reclaim top spot in Ligue 1
- Gudmundsson downs AC Milan after De Gea's penalty heroics for Fiorentina
- 'Yes' vote prevails in Kazakhstan nuclear plant vote: TV
- 'Difficult day': Oct 7 commemorations begin with festival memorial
- Commemorations begin for anniversary of attack on Israel
- Lewandowski hat-trick powers Liga leaders Barca to Alaves victory
- 'Nothing gets in way of team,' says Celtics' MVP hopeful Tatum
- India maintain Pakistan stranglehold as Windies cruise at Women's T20 World Cup
- 'We will win!': Mozambique's ruling party confident at final vote rally
- Tunisia voting ends as Saied eyes re-election with critics behind bars
- Florida braces for Milton, FEMA head slams 'dangerous' Helene misinformation
- Postecoglou slams 'unacceptable' Spurs after 'terrible' loss at Brighton
- Marmoush double denies Bayern outright Bundesliga top spot
- Rallies worldwide call for Gaza, Lebanon ceasefire
- Maresca hails Chelsea's 'fighting' spirit after draw with 10-man Forest
- New 'Joker' film, a dark musical, tops N.America box office
- Man Utd stalemate keeps Ten Hag in danger, Spurs rocked by Brighton
- Drowned by hurricane, remote N.Carolina towns now struggle for water
- Vikings hold off Jets in London to stay unbeaten
- Ahead of attack anniversary, Netanyahu says: 'We will win'
- West Indies cruise to T20 World Cup win over Scotland
- Arshdeep, Chakravarthy help India hammer Bangladesh in T20 opener
- Lewandowski's quickfire hat-trick powers Liga leaders Barca to Alaves victory
- Man Utd fire another blank in Aston Villa stalemate
- Lewandowski treble powers Liga leaders Barca to Alaves victory
- Russian activist killed on front line in Ukraine
Global stock markets climb as US producer inflation cools
Global stocks rose on Tuesday as slowing US producer inflation boosted hopes of interest rate cuts from the Federal Reserve.
On Wall Street, all three major indices finished higher, led by the tech-rich Nasdaq, which closed up more than 2.4 percent.
"The trend in inflation is leading in the right direction, and today was good news," Tom Cahill, of Ventura Wealth Management, told AFP.
"That suggests that the Fed will very likely cut the rates," he added.
Shares in Starbucks jumped by 24.5 percent after the coffee shop chain announced that Chipotle chief executive Brian Niccol would take over as chairman and CEO next month.
The leadership shifts come as Starbucks pushes to turn around its business, while contending with broad-based sales declines in its most recent financial results.
Chipotle shares slumped by 7.5 percent.
- PPI cooler than expected -
The week's main focus is expected to be US consumer inflation figures out on Wednesday, which could influence the Federal Reserve's monetary policy decision-making.
However, investors got reassuring data on Tuesday, with the US Labor Department's producer price index (PPI) for July rising by just 0.1 percent, down slightly from a 0.2 rise in June.
This was slightly cooler than the median forecast of economists surveyed by Dow Jones Newswires and The Wall Street Journal.
So-called "core PPI" excluding volatile food and energy prices was flat.
On an annual basis, PPI came in at 2.2 percent, down sharply from a revised 2.7 percent rise a month earlier.
"The key takeaway from the report is the disinflation trend in total and core PPI, as that is moving in a necessary direction to drive a rate cut by the Fed," said Briefing.com analyst Patrick O'Hare.
The Fed is widely expected to make a first interest rate cut in September, and markets expect it to make at least a second one this year.
- Europe, Asia higher -
Tokyo surged in Asian trading, with traders catching up with Monday's gains elsewhere after a long holiday weekend in Japan.
London ended the day higher after data showed Britain's unemployment rate had unexpectedly dropped in the second quarter and wage growth slowed to the lowest level in nearly two years.
Frankfurt also rose despite data showing German investor confidence worsened more than expected in August, as a hoped-for recovery in Europe's largest economy remains out of reach.
The ZEW institute's closely-watched economic expectations index fell to 19.2 points, a steep drop of 22.6 points from a month earlier.
Crude futures dropped but remained well up over the week owing to an escalation of tensions in the Middle East.
The White House had warned that a "significant set of attacks" by Iran and its proxies against Israel was possible as soon as this week after top leaders of Hezbollah and Hamas were assassinated in late July.
But on Tuesday, US President Joe Biden said that a ceasefire deal in Gaza could deter Iran from attacking Israel.
- Key figures around 2030 GMT -
New York - Dow: UP 1.0 percent at 39,765.64 points (close)
New York - S&P 500: UP 1.7 percent at 5,434.43 (close)
New York - Nasdaq Composite: UP 2.4 percent at 17,187.61
London - FTSE 100: UP 0.3 percent at 8,235.23 (close)
Paris - CAC 40: UP 0.4 percent at 7,275.87 (close)
Frankfurt - DAX: UP 0.5 percent at 17,812.05 (close)
EURO STOXX 50: UP 0.5 percent at 4,694.92 (close)
Tokyo - Nikkei 225: UP 3.5 percent at 36,232.51 (close)
Hong Kong - Hang Seng Index: UP 0.4 percent at 17,174.06 (close)
Shanghai - Composite: UP 0.3 percent at 2,867.95 (close)
Euro/dollar: UP at $1.0998 from $1.0931 on Monday
Pound/dollar: UP at $1.2867 from $1.2766
Dollar/yen: DOWN at 146.80 yen from 147.26 yen
Euro/pound: DOWN at 85.46 pence from 85.61 pence
West Texas Intermediate: DOWN 2.1 percent at $76.80 per barrel
Brent North Sea Crude: DOWN 2.0 percent at $80.69 per barrel
burs-rl-da-vmt/nro
D.Moore--AMWN