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- Braving war: Lebanon's 'badass' airline defies odds
- Klopp to return as head of Red Bull football operations
- Hezbollah strikes Israel, says it foiled Israeli incursions
- Jurgen Klopp to return as head of Red Bull football operations
- Sinner to face Medvedev in Shanghai Masters quarter-finals
- US weighs Google breakup in landmark trial
- Record-breaking Root guides England to 232-2 in reply to Pakistan's 556
- Japan PM dissolves parliament for 'honeymoon' snap election
- Chinese stocks tumble on stimulus upset, Asia tracks Wall St higher
- 7-Eleven owner confirms new takeover offer from Couche-Tard
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- Sinner avoids Shanghai deja vu with assured Shelton win
- Pyongyang to 'permanently' shut border with South Korea
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- Climate change made deadly Hurricane Helene more intense: study
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- With EU funding, Tunisian farmer revives parched village
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- Boeing suspends negotiations with striking workers
- 7-Eleven owner's shares spike on report of new buyout offer
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- Three million UK children living below poverty line: study
- China's Jia brings film spanning love, change over decades to Busan
- Paying out disaster relief before climate catastrophe strikes
- Chinese shares drop on stimulus upset, Asia tracks Wall St higher
- SE Asian summit seeks progress on Myanmar civil war
- How climate funds helped Peru's women beekeepers stay afloat
- Nobel Peace Prize to be awarded as wars rage
- Pacific island nations swamped by global drug trade
- AI-aided research, new materials eyed for Nobel Chemistry Prize
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- The US economy is solid: Why are voters gloomy?
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- Alonso, Manaea shine as 'Miracle Mets' blitz Phillies
- Harris, Trump trade blows in US election media blitz
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- Brazil lifts ban on Musk's X, ending standoff over disinformation
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- Chelsea edge Real Madrid in Women's Champions League, Lyon win
- Japan PM to dissolve parliament for 'honeymoon' snap election
- 'Diego Lives': Immersive Maradona exhibit hits Barcelona
Stock markets mostly rise as US wholesale inflation slows
Global stocks mostly rose on Tuesday as attention turned to economic data and its impact on interest rates.
The week's main focus is expected to be US consumer inflation figures on Wednesday, but investors got reassuring wholesale price data on Tuesday.
The producer price index (PPI) rose by 0.1 percent in July, down slightly from a 0.2 rise in June, the US Labor Department said in a statement.
This was slightly cooler than the median forecast of economists surveyed by Dow Jones Newswires and The Wall Street Journal.
Core PPI that excludes 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.
While the mood on trading floors has calmed since last week's volatility, investors remained cagey before US consumer price figures that could influence the Federal Reserve's monetary policy decision-making.
Observers warned that the inflation readings could cause big market moves in either direction, with a weaker-than-expected print adding to worries about the world's biggest economy, while a strong reading could dent rate-cut bets.
"One of the major risks is the timing and magnitude of the Fed's rate cuts," said ACY Securities' Luca Santos.
"If the Fed delays easing monetary policy, the US economy could risk entering a deeper slowdown, leading to a potential recession.
"Conversely, if the Fed cuts rates too aggressively, it might reignite inflationary pressures or create financial market instability. Balancing these risks will be crucial for maintaining economic stability," Santos added.
Tokyo surged in Asian trading, with traders catching up with Monday's gains elsewhere after a long holiday weekend in Japan.
London gave up early gains won 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.
But it picked up after the US wholesale inflation data, as did Frankfurt.
German investor confidence worsened more than expected in August, a survey showed Tuesday, as a hoped-for recovery in Europe's largest but struggling 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.
Shares in Starbucks jumped 19 percent at the start of trading 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 9.5 percent.
Crude futures dropped but remained well up over the week owing also to an escalation of tensions in the Middle East.
The White House 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.
- Key figures around 1330 GMT -
New York - Dow: UP 0.3 percent at 39,490.84 points
New York - S&P 500: UP 0.7 percent at 5,379.02
New York - Nasdaq Composite: UP 1.0 percent at 16,955.21
London - FTSE 100: UP 0.1 percent at 8,221.60
Paris - CAC 40: DOWN 0.1 percent at 7,242.88
Frankfurt - DAX: UP less than 0.1 percent at 17,741.60
EURO STOXX 50: FLAT at 4,671.66
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: DOWN at $1.0955 from $1.0931 on Monday
Pound/dollar: UP at $1.2814 from $1.2766
Dollar/yen: DOWN at 146.98 yen from 147.26 yen
Euro/pound: DOWN at 85.48 pence from 85.61 pence
West Texas Intermediate: DOWN 1.0 percent at $79.28 per barrel
Brent North Sea Crude: DOWN 1.0 percent at $81.47 per barrel
burs-rl/tw
O.M.Souza--AMWN