- Sean 'Diddy' Combs sex trafficking trial set for May 2025
- Bolivia stun Colombia in World Cup qualifiers
- Internet Archive reels from 'catastrophic' cyberattack, data breach
- Greece earn late win against England in Nations League, Italy-Belgium stalemate
- Trump biopic 'The Apprentice' hits US theaters weeks before election
- Pavlidis dedicates 'special' Greece win over England to tragic Baldock
- Wall Street stocks retreat from records on US inflation data
- 'Like a quake': Beirut shaken after deadliest strikes on centre
- Fallen giants Ghana in AFCON trouble after Sudan draw
- Asian leaders meet in Laos with US, Russia on world turmoil
- England gamble backfires as Pavlidis fires emotional Greece to victory
- Obama stumps for Harris, Trump talks US protectionism
- New-look France ease past Israel in Nations League
- Belgium fight back to draw with 10-man Italy in Nations League
- 'Get a life': Hurricane whips up US election storm
- Japan stay perfect in World Cup qualifying
- Relief as Lebanon evacuees dock in Turkey
- Lebanon says 22 dead in Israeli strikes on central Beirut
- NBA boss Silver sees games back in China 'at some point'
- Israel strikes central Beirut, killing 22
- Table tennis and Netflix push Ukraine teen into French Open contention
- Civilians flee Gaza's Jabalia in tightening Israeli siege
- Israel strikes central Beirut, killing 18
- At least 10 dead in Florida from tornadoes caused by Hurricane Milton
- Warhol's rare 'Queen' collection opens at Dutch museum
- Three-time NBA champion Green retires
- MLB Twins up for sale after 40 years
- S.Sudan floods affect 893,000, over 241,000 displaced: UN
- Solar storm could impact US hurricane recovery efforts: agency
- Windies sweat on injury to 'crucial' Taylor at World Cup
- Lebanon says 11 dead, 48 injured in Israeli strikes on Beirut
- Panama lashes out at EU over tax haven 'outrage'
- Erdogan says Gaza 'shame of humanity', calls for permanent ceasfire
- TD Bank to pay more than $3 bn to US in money-laundering case
- SAfrica prosecutors drop criminal complaint against president
- 'Good opportunity': Nagelsmann upbeat despite Germany's long injury list
- Hurricane whips up bitter US election battle
- Cameroon bans media talk of president's health amid rumours
- NFL MVP Jackson and rookie phenom Daniels set for showdown
- Chad's capital under threat as floodwaters rise
- Lebanon state media says Israeli strikes hit central Beirut
- No answers on strike on reporters in Lebanon one year on: watchdog
- Ramharack picks four wickets as Windies beat Bangladesh in Women's T20 World Cup
- France's City of Light switches to climate-resilient power cables
- Djokovic hails Nadal 'legacy' as Alcaraz in 'shock' over retirement
- Obama hits campaign trail for Harris
- Delta eyes Election Day travel pullback as profits climb
- Djokovic tells Nadal: 'Your legacy will live forever'
- Ethel Kennedy, wife of RFK, dead at 96
- Zelensky denies ceasefire with Russia under discussion on trip
Wall Street stocks retreat from records on US inflation data
Shares slipped in New York and Europe Thursday as the latest US inflation report dented the odds of rapid interest rate cuts, while crude prices jumped on worries over the Middle East.
All three major US Wall Street indexes finished the session modestly lower after the Dow and the S&P 500 had chalked up all-time highs Wednesday.
In Europe, Paris, Frankfurt and London all closed slightly lower.
Earlier in the day, Chinese stock markets rebounded somewhat after China's central bank took action to boost purchases of company shares.
As measured by the consumer price index, US annual inflation slowed to 2.4 percent in September from 2.5 percent in August, the government reported.
But a core measure of inflation that strips out volatile food and energy costs rose to 3.3 percent from 3.2 percent in August.
Both inflation figures were higher than what analysts had expected, and combined with a strong US jobs report last week, they weakened the case for the US Federal Reserve to aggressively cut lending rates.
"The latest CPI figures are hardly a disaster, but after a far stronger-than-expected jobs report last week, many are questioning the Fed's decision to cut by 50 basis points last month," said Bret Kenwell, analyst at eToro.
"The two reports have all but taken another 50 basis point cut off the table next month, while some could argue that it rules out a rate cut of any kind in November."
Earlier in the day, Shanghai's stock market closed 1.3 percent higher Thursday and Hong Kong rose 3.0 percent.
Hong Kong and mainland markets whipsawed this week as the euphoria over China's recent moves to boost its economy was dampened by a news conference at which officials failed to unveil more measures or give details on those already announced.
On Thursday, however, investors welcomed news that the People's Bank of China had released details of a "swap facility" that will allow "qualified securities, funds and insurance companies" to access more than $70 billion in liquidity to purchase equities.
Oil prices jumped more than three percent after Israel's defense minister pledged that his country will strike Iran in retaliation for last week's missile attack.
Among individual companies, Delta Air Lines dropped 1.1 percent as the carrier disclosed a $380 million hit from an information technology outage during the quarter that led to thousands of flight cancellations.
Tesla shed 1.0 percent ahead of a much-hyped event in which CEO Elon Musk will update the company's plans for robotaxis. Briefing.com said the initiative faces "roadblocks," which also could put pressure on profit margins.
- Key figures around 2040 GMT -
New York - Dow: DOWN 0.1 percent at 42,454.12 (close)
New York - S&P 500: DOWN 0.2 percent at 5,780.05 (close)
New York - Nasdaq Composite: DOWN 0.1 percent at 18,282.05 (close)
London - FTSE 100: DOWN 0.1 percent at 8,237.73 (close)
Paris - CAC 40: DOWN 0.2 percent at 7,541.59 (close)
Frankfurt - DAX: DOWN 0.2 percent at 19,210.90 (close)
Tokyo - Nikkei 225: UP 0.3 percent at 39,380.89 (close)
Shanghai - Composite: UP 1.3 percent at 3,301.93 (close)
Hong Kong - Hang Seng Index: UP 3.0 percent at 21,251.98 (close)
Brent North Sea Crude: UP 3.7 percent at $79.40 per barrel
West Texas Intermediate: UP 3.6 percent at $75.85 per barrel
Euro/dollar: DOWN at 1.0935 from $1.0939 on Wednesday
Pound/dollar: DOWN at $1.3058 from $1.3071
Dollar/yen: DOWN at 148.58 yen from 149.31 yen
Euro/pound: UP at 83.73 pence from 83.69 pence
M.Thompson--AMWN