- UBS smashes forecasts with $1.4 bn net profit
- Chinese EV giant BYD beats Tesla in quarterly revenue for first time
- US economic growth solid but below expectations as election nears
- Jurgen Klopp to target player welfare in Red Bull role
- Volkswagen sees 'painful' cost cuts ahead as profit plunges
- Spain races to save victims as floods kill 62
- Tuberculosis cases hit record high: WHO
- Bangladesh stumble to 38-4 in reply to mammoth South Africa total
- Volcanoes 'hidden source' of CO2 in past climate change: study
- Stocks falter, bitcoin close to record high
- Eurozone economy grows faster than expected
- Mediators to propose Gaza truce amid deadly Israeli strikes
- China's Hisense first sponsor of new Club World Cup
- Georgia prosecutors probe alleged election 'falsification'
- New Zealand's Ajaz 'emotional' on Mumbai return after perfect 10
- Germany dodges recession, posts surprise growth on spending boost
- Trump, Harris in frantic campaign push as US election nears
- De Zorzi out for 177 as S. Africa power to 527-6 against Bangladesh
- Worries for Japan economy after election shock
- Israel short on soldiers after year of war
- Volkswagen profit plunges on high costs, Chinese slump
- De Zorzi out for 177 as S.Africa power to 413-5 against Bangladesh
- 'CEO of supercute': Hello Kitty turns 50
- Australia head coach McDonald handed new deal until 2027
- Visual artist grabs 'decisive moment' to nurture Chad art scene
- Industrial slump leaves Germany on brink of recession
- 'I'm terrified': French auteur Audiard hits Oscars trail for 'Emilia Perez'
- New Indonesia defence chief harks back to dictator's rule
- In Tennessee, the despair of gun control advocates
- US economy's solid growth unlikely to register at ballot box
- 'A treasure': Japan's Ohtani a hometown hero win or lose in World Series
- Botswana votes with ruling party seeking to extend six decades of power
- Bitcoin close to record as cautious markets eye US election
- Hometown hero Volpe lives dream with grand slam for Yankees
- Rested relief pitchers please Roberts even after Dodgers defeat
- UK's Labour govt prepares to deliver decisive first budget
- Beijing files WTO complaint over EU's new taxes on Chinese EVs
- Volpe's grand slam helps Yankees avoid World Series sweep
- Taiwan battens down for Super Typhoon Kong-rey
- MotoGP world title in sight as Martin, Bagnaia set for Sepang duel
- 'New wave' as start-up sweeps up Thai ocean plastic
- Botswana votes with ruling party aiming to extend six decades of power
- How harmful are microplastics to human health?
- Are bioplastics really the wonder alternative to petro plastics?
- EU's extra tariffs of up to 35.3% on Chinese EVs angers Beijing
- Rumble in the Jungle remembered after 50 years
- Trump risks backlash with anti-trans ads targeting Harris
- Alzheimer's patient 'relieved' at Quebec's assisted suicide policy shift
- Who should get paid for nature's sequenced genes?
- Bodies found as torrential rains slam Spain
CMSD | -0.16% | 24.84 | $ | |
NGG | -1.35% | 65.12 | $ | |
BCE | -0.71% | 32.46 | $ | |
BCC | -5.3% | 131.64 | $ | |
SCS | -3.11% | 12.21 | $ | |
RIO | 0.6% | 66.58 | $ | |
BTI | -1.31% | 34.46 | $ | |
GSK | 0.76% | 38.17 | $ | |
BP | -5.76% | 29.36 | $ | |
CMSC | -0.65% | 24.57 | $ | |
RBGPF | 100% | 62.35 | $ | |
RYCEF | 0.55% | 7.25 | $ | |
JRI | -0.69% | 12.98 | $ | |
AZN | -1.05% | 75.22 | $ | |
VOD | -2.8% | 9.28 | $ | |
RELX | -0.52% | 47.91 | $ |
Stocks falter, bitcoin close to record high
Major stock markets mostly dropped Wednesday and bitcoin traded close to its record high with all eyes on the upcoming US presidential election.
Paris and Frankfurt equity indices slid nearing midday trading as official data showed the eurozone economy grew more than expected in the third quarter, helped by Germany dodging recession.
Outside the eurozone, London's stock market dropped awaiting the first budget Wednesday from the UK's new Labour government, with tax rises expected.
Asia's top indices closed mostly down, while in foreign exchange the dollar was mixed against main rivals.
Shares in Google parent Alphabet rose in after-hours trading following its earnings report and ahead of releases from Apple and Microsoft.
Markets are also awaiting a raft of key US economic data for more clues about the health of the world's largest economy and it how could dictate the pace of future interest-rate cuts from the Federal Reserve.
Third-quarter US growth estimates are released Wednesday, with inflation and jobs data to follow ahead of the weekend.
Bitcoin steadied, a day after striking just shy of its all-time peak of $73,797.98 achieved in March.
A recent surge in the price of bitcoin is seen as a bet on a Republican victory in next week's US vote, as Donald Trump has emerged as the pro-crypto candidate.
The outcome at the polls remains uncertain for many analysts, however, helping haven investment gold to a fresh record high of $2,789.86 an ounce Wednesday.
Oil prices rebounded slightly as volatility dominates crude trading amid twists and turns in the Middle East crisis.
"It seems as if oil prices are ignoring improving economic data in the US and stimulus efforts from China to revive its struggling economy," said Daniela Sabin Hathorn, senior market analyst at Capital.com.
- Key figures around 1045 GMT -
London - FTSE 100: DOWN 0.2 percent at 8,200.78 points
Paris - CAC 40: DOWN 1.3 percent at 7,415.43
Frankfurt - DAX: DOWN 0.7 at 19,336.35
Tokyo - Nikkei 225: UP 1.0 percent at 39,277.39 (close)
Hong Kong - Hang Seng Index: DOWN 1.6 percent at 20,380.64 (close)
Shanghai - Composite: DOWN 0.6 percent at 3,266.24 (close)
New York - Dow: DOWN 0.4 percent at 42,233.05 (close)
Euro/dollar: UP at $1.0835 from $1.0816 on Tuesday
Pound/dollar: DOWN at $1.2974 from $1.3010
Dollar/yen: DOWN at 152.87 yen from 153.57 yen
Euro/pound: UP at 83.49 pence from 83.13 pence
Brent North Sea Crude: UP 1.0 percent at $71.84 per barrel
West Texas Intermediate: UP 1.1 percent at $67.92 per barrel
burs-bcp/ajb/cw
G.Stevens--AMWN