- Madrid's Carvajal to miss several months after serious knee injury
- Israel pounds Lebanon ahead of Hamas attack anniversary
- Two elephants die in flash flooding in northern Thailand
- Sabalenka targets world number one and Wuhan hat-trick
- Toddler among 4 dead in migrant Channel crossings
- Tunisia votes with Saied set for re-election
- Bagnaia sets 'example' with Japan MotoGP win to cut gap on Martin
- Intense Israeli bombing rocks Beirut ahead of war anniversary
- Mozambique vote: no suspense but some disillusion
- Austrian rapper channels anti-racist rage in Romani hip-hop songs
- Ohtani magic powers Dodgers over Padres in MLB playoff thriller
- Five of the best: Pakistan-England Test thrillers
- Man sets arm on fire as marches across US mark Gaza war anniversary
- Vietnam's young coffee entrepreneurs brew up a revolution
- Trump rallies at site of failed assassination: 'Never quit'
- Too hot by day, Dubai's floodlit beaches are packed at night
- Is music finally reckoning with #MeToo?
- Fans hail Trump's 'guts' as he returns to site of rally shooting
- Lebanon state media says 'very violent' Israeli strikes hit south Beirut
- Guardians maul Tigers, miracle Mets rally in MLB series openers
- Lebanon state media says Israeli strikes hit south Beirut
- Miami on track for MLS record points after win in Toronto
- Madrid beat Villarreal but Carvajal suffers knee injury
- Madrid beat Villarreal to move level with Liga leaders Barcelona
- Monaco take top spot in Ligue 1 with win at Rennes
- French rugby player on rape charge whistled but 'serene' on return
- Madrid beat Villarreal to level Liga leaders Barca
- Thuram treble fires Inter past Torino and up to second
- 'Fight': defiant Trump jets in to site of rally shooting
- Toddler among 3 dead in migrant Channel crossings
- Mexico City's new mayor sworn in with pledges on water, housing
- Israel on alert ahead of Hamas attack anniversary
- Guardians maul Tigers in MLB playoff series opener
- Macron criticises Israel on Gaza, Lebanon operations
- French rugby player whistled but 'serene' on return amid ongoing rape case
- Kovacic stars as Man City sink Fulham to get title bid back on track
- Retegui hat-trick fires five-star Atalanta to hammering of Genoa
- Heavyweights Australia, England off to World Cup winning starts
- Visiting UN refugee agency chief decries 'terrible crisis' in Lebanon
- Spinners come to party as England defeat Bangladesh at T20 World Cup
- Search continues for missing in deadly Bosnia floods
- Man City sink Fulham to get title bid back on track
- France's Auradou whistled on Pau return in Perpignan loss amid ongoing rape case
- A 'forgotten' valley in storm-hit North Carolina, desperate for help
- Arsenal hit back in style after Southampton scare
- Thousands march for Palestinians ahead of Oct 7 anniversary
- Hezbollah heir apparent Safieddine out of contact after strikes
- Liverpool stay top of Premier League as Arsenal, Man City win
- In dank Tour of Emilia, Pogacar shines in rainbow jersey
- DR Congo launches mpox vaccination drive, hoping to curb outbreak
Stock markets rise on eve of US inflation data
Stock markets climbed Wednesday on the eve of highly anticipated US inflation data, with sentiment buoyed by easing geopolitical tensions between Russia and Ukraine.
Oil prices extended losses on hopes of an international deal over Iran's contested nuclear programme.
Europe's travel sector was lifted by this week's outlook from German tourism giant TUI, which stated that post-pandemic holiday demand is high across all regions.
Nevertheless, investors remain cautious before Thursday's critical US inflation print for January.
Forecasts are for another pop up from the four-decade-high seven percent seen in December, while a big miss in either direction could have big consequences for markets.
- 'Markets could get jittery' -
"Inflation figures from the US ... will be a major influence on the direction of markets as the figures will be digested by the Federal Reserve in its next decision on whether to raise interest rates or not," said AJ Bell analyst Russ Mould.
"With expectations that inflationary pressures are going to get worse in the near-term, markets could get jittery as we approach the data release."
A higher reading will pile pressure on the Fed to embark on a more aggressive tightening campaign -- but a weaker figure would temper those worries.
"The inflation data has continued to rise faster than many anticipated and we're now in a situation where central banks are racing to catch up and get to grips with price pressures," said Oanda's Craig Erlam.
"Many still expect we'll see an orderly return to inflation targets over the forecast horizon with moderate rate increases but the risk of inaction becomes far greater than the alternative."
With speculation swirling over the Fed's plans to battle soaring prices, global equities have fluctuated wildly since the start of the year as traders try to position themselves for a series of interest rate hikes that are likely to begin in March.
The prospect of the removal of cheap cash -- which has pushed markets to record or multi-year highs -- has particularly hit tech firms as they are more susceptible to higher rates.
However, the sector helped New York's three main indexes to healthy gains on Tuesday, and Asia followed suit.
Hong Kong led the way, jumping more than two percent thanks to a 6.8 percent surge in market heavyweight Alibaba after Japan's SoftBank allayed fears it was planning to offload some of its huge holdings in the e-commerce giant.
Alibaba had taken a hit earlier on speculation about the share sale, which compounded the Chinese firm's woes after suffering hefty losses owing to Beijing's crackdown on the tech sector.
- Key figures around 1200 GMT -
London - FTSE 100: UP 0.6 percent at 7,609.16 points
Frankfurt - DAX: UP 1.3 percent at 15,444.33
Paris - CAC 40: UP 1.3 percent at 7,119.25
EURO STOXX 50: UP 1.4 percent at 4,188.23
Tokyo - Nikkei 225: UP 1.1 percent at 27,579.87 (close)
Hong Kong - Hang Seng Index: UP 2.1 percent at 24,829.99 (close)
Shanghai - Composite: UP 0.8 percent at 3,479.95 (close)
New York - Dow: UP 1.1 percent at 35,462.78 (close)
Euro/dollar: UP at $1.1425 from $1.1415 late Tuesday
Pound/dollar: UP at $1.3573 from $1.3543
Euro/pound: DOWN at 84.18 pence from 84.29 pence
Dollar/yen: DOWN at 115.39 from 115.55 yen
Brent North Sea crude: DOWN 0.4 percent at $90.45 per barrel
West Texas Intermediate: DOWN 0.5 percent at $88.95
S.F.Warren--AMWN