- Phillies win thriller to level Mets series
- Yu bags first PGA Tour win with playoff win
- PSG held by Nice to leave Monaco clear at top of Ligue 1
- AC Milan fall at Fiorentina after De Gea's penalty heroics
- Lewandowski treble for leaders Barca as Atletico held
- Fresh Israeli strikes hit south Beirut
- Sucic stunner earns Real Sociedad draw against Atletico
- PSG draw with Nice, fail to reclaim top spot in Ligue 1
- Gudmundsson downs AC Milan after De Gea's penalty heroics for Fiorentina
- 'Yes' vote prevails in Kazakhstan nuclear plant vote: TV
- 'Difficult day': Oct 7 commemorations begin with festival memorial
- Commemorations begin for anniversary of attack on Israel
- Lewandowski hat-trick powers Liga leaders Barca to Alaves victory
- 'Nothing gets in way of team,' says Celtics' MVP hopeful Tatum
- India maintain Pakistan stranglehold as Windies cruise at Women's T20 World Cup
- 'We will win!': Mozambique's ruling party confident at final vote rally
- Tunisia voting ends as Saied eyes re-election with critics behind bars
- Florida braces for Milton, FEMA head slams 'dangerous' Helene misinformation
- Postecoglou slams 'unacceptable' Spurs after 'terrible' loss at Brighton
- Marmoush double denies Bayern outright Bundesliga top spot
- Rallies worldwide call for Gaza, Lebanon ceasefire
- Maresca hails Chelsea's 'fighting' spirit after draw with 10-man Forest
- New 'Joker' film, a dark musical, tops N.America box office
- Man Utd stalemate keeps Ten Hag in danger, Spurs rocked by Brighton
- Drowned by hurricane, remote N.Carolina towns now struggle for water
- Vikings hold off Jets in London to stay unbeaten
- Ahead of attack anniversary, Netanyahu says: 'We will win'
- West Indies cruise to T20 World Cup win over Scotland
- Arshdeep, Chakravarthy help India hammer Bangladesh in T20 opener
- Lewandowski's quickfire hat-trick powers Liga leaders Barca to Alaves victory
- Man Utd fire another blank in Aston Villa stalemate
- Lewandowski treble powers Liga leaders Barca to Alaves victory
- Russian activist killed on front line in Ukraine
- Openda strike briefly sends Leipzig top of Bundesliga
- Goal-shy Man Utd have to 'step up', says Ten Hag
- India bowl out Bangladesh for 127 in T20 opener
- Madueke rescues Chelsea in draw with 10-man Forest
- Beckett's belief rewarded as Bluestocking storms to Arc glory
- Trump on the stump, Harris hits airwaves in razor-edge US election
- Flash flooding kills three in northern Thailand
- Kaur leads India to victory over Pakistan in Women's T20 World Cup
- Juventus held by Cagliari after late penalty drama
- In France's Marseille, teen 'stabbed 50 times' then burned alive
- Ruthless Gauff beats Muchova in straight sets to win China Open
- India restrict Pakistan to 105-8 in Women's T20 World Cup
- England target repeat of Pakistan Test whitewash
- Penrith Panthers win fourth straight NRL title after downing Storm
- Weary Sinner happy for day off after battling into Shanghai last 16
- Pakistan's Masood warns England still a force without Stokes
- Madrid's Carvajal to miss several months after serious knee injury
Stock markets waver before Fed decision
US and European stock markets wavered on Monday as investors cautiously awaited the US Federal Reserve's first interest-rate cut since 2020.
In New York, the Dow was up but the wider S&P 500 and the tech-heavy Nasdaq were lower shortly after opening. In Europe, London was marginally higher but all the main continental exchanges were slightly lower.
The dollar fell ahead of the rate cut announcement, while haven investment gold rose to a new record high.
US stocks surged last week on positive economic news and as investors increasingly priced in a full half-point cut, with the Dow and S&P 500 reaching a whisker of their record highs.
Fed officials have widely signalled a rate cut Wednesday -- the first since the Covid recession four years ago -- but debate remains over whether it will be 25 or 50 basis points.
The high valuations stocks hit last week leaves them susceptible to a correction, said David Morrison, analyst at Trade Nation.
"Investors appear to be pricing in a Goldilocks scenario of cheaper borrowing costs, with more rate cuts to come, in an economy which shows few signs of a hard landing or recession," he said.
"If so, they may prove to be over-optimistic. Traders should prepare themselves for some large price swings on Wednesday evening."
Although expectations of a 50-basis-point cut have risen, some analysts warned that decision-makers may wish to avoid giving the impression they are concerned about the health of the world's largest economy.
Worries over the Chinese economy also weighed on sentiment.
Other central banks have policy meetings this week.
London's FTSE 100 index dipped Monday ahead of the Bank of England's own decision on borrowing costs due Thursday, one day after the Fed outcome.
The BoE is expected to keep its key rate unchanged after cutting it in August, while the European Central Bank further reduced borrowing costs last week as inflation cools.
Asian stock markets fluctuated on Monday, with Hong Kong edging up but Singapore slipping. Trade was muted with holidays in Tokyo and Shanghai.
On currency markets the yen briefly hit 140.07 per dollar -- its strongest level since July last year -- ahead of a policy meeting at the Bank of Japan (BoJ) starting Thursday.
Most analysts expect the BoJ to hold rates steady after a surprise hike at the end of July sparked market turmoil.
Gold struck a fresh record high of $2,589.70 per ounce.
Traders are keeping tabs on developments in China after more weak data on credit, retail sales, industrial production and house prices stoked concerns about the state of the world's number two economy.
The figures "collectively add to concerns that policy measures announced in recent weeks and months have so far failed to have any measurable impact in lifting economic growth", said National Australia Bank's Ray Attrill.
Oil prices have fallen recently on concerns about Chinese demand, but they jumped over one percent Monday as much US Gulf production is still offline after the passage of Hurricane Francine.
- Key figures around 1340 GMT -
New York - Dow: UP 0.6 percent at 41,634.38 points
New York - S&P 500: DOWN 0.2 percent at 5,614.87
New York - Nasdaq Composite: DOWN 1.1 percent at 17,490.58
London - FTSE 100: UP 0.1 percent at 8,284.07
Paris - CAC 40: DOWN 0.2 percent at 7,453.53
Frankfurt - DAX: DOWN 0.4 percent at 18,631.09
Tokyo - Nikkei 225: Closed for a holiday
Hong Kong - Hang Seng Index: UP 0.3 percent at 17,422.12 (close)
Shanghai - Composite: Closed for a holiday
Euro/dollar: UP at $1.1133 from $1.1079 on Friday
Pound/dollar: UP at $1.3209 from $1.3125
Dollar/yen: DOWN at 140.44 yen from 140.76 yen
Euro/pound: DOWN at 84.30 pence from 84.40 pence
Brent North Sea Crude: UP 1.9 percent at $72.96 per barrel
West Texas Intermediate: UP 2.3 percent at $70.22 per barrel
A.Rodriguezv--AMWN