- Two months on, Donbas soldiers begin to question Kursk offensive
- Rugby Australia to counter-sue in dispute with Melbourne Rebels
- Mumbai mourns Indian industrialist Ratan Tata
- Philippines challenges China over South China Sea at ASEAN meet
- Mets advance on Lindor blast, Dodgers stay alive in MLB playoffs
- Injury-ravaged Krygios aiming to return at Australian Open
- Greek international Baldock, dead at 31: family
- EU talks deportation hubs to stem migration
- Deaths and repression sideline Suu Kyi's party ahead of Myanmar vote
- S. Africa offers a lesson on how not to shut down a coal plant
- China opens $71 bn 'swap facility' to boost markets
- Mets advance on Lindor grand slam, Yankees and Tigers win
- Taiwan President Lai vows to 'resist annexation' of island
- China's solar goes from supremacy to oversupply
- Asian markets track Wall St record as Hong Kong, Shanghai stabilise
- 'Denying my potential': women at Japan's top university call out gender imbalance
- China's central bank says opens up $70.6 bn in liquidity to boost market
- Zelensky on whirlwind tour of Europe ahead of US vote
- Youth facing unprecedented wave of violence, UN envoy warns
- 'A casino in every kitchen': Brazil's online gambling craze
- Nobel chemistry winner sees engineered proteins solving tough problems
- Lindor powers Mets past Phillies into NL Championship Series
- Wildlife populations plunge 73% since 1970: WWF
- 'Sleeper agent' bots on X fuel US election misinformation, study says
- Death toll rises to 109 after Haiti gang attack, official says
- Tigers beat Guardians and on brink of advancing in MLB playoffs
- Argentina MPs back Milei's veto of university funding
- Man City sink Barca in Women's Champions League as Bayern outgun Arsenal
- Greek international Baldock, 31, found dead in pool: state agency
- Florida seaside haven a ghost town as hurricane nears
- Pharrell Williams to co-chair Met Gala exploring Black dandyism
- Wall Street indices hit fresh records as Chinese shares tumble
- Taiwan's president to deliver key speech for National Day
- Sea row on the menu as ASEAN leaders meet China's Li
- Injured Kane won't start England's Nations League clash with Greece
- Discord seen as online home for renegades
- US forecasts severe solar storm starting Thursday
- Mozambique starts tallying votes in tense election
- Zelensky moves to court European leaders in drive for military aid
- Ratan Tata: Indian mogul who built a global powerhouse
- Rodgers rejects 'false' suggestions of role in Saleh dismissal
- One dead as storm Kirk tears through Spain, Portugal, France
- Indian business titan Ratan Tata dead at 86
- Lebanon facing 'catastrophic' situation as 600,000 displaced: UN
- US warns Israel not to repeat Gaza destruction in Lebanon
- Musk's X returns in Brazil after 40-day showdown with judge
- Call her savvy? Harris unleashes unconventional media blitz
- Lucian Freud 'masterpiece' fetches £13.9 million at London sale
- SoFi Stadium to hold next two CONCACAF Nations League finals
- McIlroy and DeChambeau set for PGA-LIV 'Showdown' in Vegas
Equities mixed on flat retail sales, IMF inflation warning as gold soars
Global stock markets fluctuated Tuesday on rising expectations that Donald Trump will return to the White House against a backdrop of flat US retail sales and an IMF inflation warning.
Traders have also been sifting the tea leaves for a steer on when the Federal Reserve will cut US interest rates.
The signs increasingly are that the long-awaited move is hoving in to view, that sentiment bolstered by gold hitting an all-time high of $2,463.80 Tuesday afternoon as bullion continues its upward march -- adding some 18 percent this year to date on soaring demand for the precious metal.
Gold, seen as a haven investment, added 1.7 percent as it crushed its previous record-high of 2,450.07 seen in May.
The Dow -- which chalked up its first record since May on Monday -- had added almost 1.3 percent two hours into the session after June retail sales slipped less than analysts had anticipated.
However, the tech-heavy Nasdaq had just edged into the red while major European indices slipped back as London, Frankfurt and Paris all finished down at the close.
London and Paris lost close to one percent while Frankfurt dipped as a key survey showed German investor confidence fell for the first time in a year -- and the German ZEW institute's closely watched economic expectations index also fell to 41.8 points, from 47.5 points in June.
The International Monetary Fund weighed in with its latest global outlook update, which indicated the world economy will grow 3.2 percent this year, unchanged from its April forecast.
But the IMF trimmed its forecasts for the United States and Japan and also warned of ongoing inflation risks and trade tensions ahead.
"For now, the prospect of looser monetary policy from the Fed and a favourable economic background is helping to keep a positive gloss on sentiment," said David Morrison, senior market analyst at Trade Nation.
The dollar firmed in line with Treasury yields on speculation that another Trump tariff battle with China and likely tax cuts could push inflation higher.
- 'Complex landscape' -
"The confluence of political developments, economic data, and central bank actions continues to create a complex landscape for global currencies," said Luca Santos, market analyst at ACY Securities.
Recent polls show Trump's chances of beating incumbent Joe Biden have surged since the weekend assassination attempt on the former president, while his choice of J.D. Vance as his November running mate saw US futures extend gains.
"Increased market confidence after Saturday's failed assassination attempt that Donald Trump will be re-elected president in November has been reflected in market movements across US Treasuries, equities and currencies since the weekend," said Ray Attrill at National Australia Bank.
Earlier, in Asia, Hong Kong dropped more than one percent owing to further losses in the tech sector, while Sydney, Singapore, Manila, Bangkok and Jakarta also fell.
Tokyo, Seoul, Wellington, Taipei and Mumbai edged up and Shanghai was slightly higher with traders awaiting policy measures from China's leaders as they hold a key economic meeting this week.
On the corporate front, Cartier-owner Richemont said its quarterly sales in China tumbled by 27 percent as the deepening economic malaise in the world's second-largest economy lashes luxury firms.
- Key figures around 1550 GMT -
New York - Dow: UP 1.28 percent at 40,725.96 points
London - FTSE 100: DOWN 0.2 percent at 8,164.90 points (close)
Paris - CAC 40: DOWN 0.7 percent at 7,580.03 (close)
Frankfurt - DAX: DOWN 0.4 percent at 18,518.03 (close)
EURO STOXX 50: DOWN 0.7 percent at 4,947.83
Tokyo - Nikkei 225: UP 0.2 percent at 41,275.08 (close)
Hong Kong - Hang Seng Index: DOWN 1.6 percent at 17,727.98 (close)
Shanghai - Composite: UP 0.1 percent at 2,976.30 (close)
Euro/dollar: DOWN at $1.0885 from $1.0902 on Monday
Dollar/yen: UP at 158.54 yen from 158.09 yen
Pound/dollar: DOWN at $1.2956 from $1.2970
Euro/pound: DOWN at 84.03 pence from 84.03 pence
West Texas Intermediate: DOWN 1.0 percent at $81.04 per barrel
Brent North Sea Crude: DOWN 0.9 percent at $84.08 per barrel
D.Moore--AMWN