- Police in Mozambique disperse vote protest
- Ancelotti wants goals over pressing from Madrid star Mbappe
- Major crypto, diamond fraud trial opens in France
- Electricity restored to 50% of Havana after nationwide blackout: Cuba state media
- Stock markets slide, oil jumps as China cuts rates
- How much aid is getting into Gaza?
- King Charles caps Australia trip with Opera House bash
- England's Buttler out of West Indies ODI series
- Moldova president hails EU referendum win after Russia meddling claims
- French govt takes new blows over deal to sell painkiller maker to US fund
- US wants end to Israel-Hezbollah war 'as soon as possible'
- Van Dijk talking to 'right people' over Liverpool contract
- Vietnam's top leader pushes anti-corruption fight
- Arteta urges Arsenal to use Bournemouth 'pain' against Shakhtar
- Rabada fastest to 300th Test wicket, as Bangladesh all out for 106
- Stock markets mostly fall, oil jumps as China cuts rates
- France bristles at painkiller maker's sale to US fund
- Moldova narrowly votes for EU membership amid fraud claims
- Erdogan rival Gulen dies in exile at 83
- Man Utd's Ten Hag relishing Europa League clash with Mourinho
- Amnesty says migrant workers exploited at Carrefour Saudi stores
- Fethullah Gulen: ex-Erdogan ally who became public enemy number one
- Rabada takes 300th Test wicket as Bangladesh all out for 106
- Seoul demands 'immediate withdrawal' of North Korean troops in Russia
- WHO to evacuate 1,000 Gazan women, children for urgent medical care
- Israel bombs Hezbollah-linked finance group in Lebanon
- Erdogan's rival Fetullah Gulen dies in exile aged 83
- Gauff-led USA pitted with Canada at season-opening United Cup
- Cuban leader warns against unrest over nationwide blackout
- Asian markets mixed as traders digest China rate cut
- Sanofi pursues sale of painkiller after political controversy
- Trump heads to hurricane-hit N. Carolina, Harris in swing state push
- Rabada takes 300th wicket as Bangladesh stumble to 60-6 at lunch
- Alpacas, hecklers and climate warnings: King Charles visits Australia's capital
- Moldova EU vote too close to call, president blames 'foreign interference'
- Sartorially suave alpaca sneezes on King Charles
- In a first, France welcomes Russian army deserters
- Storm Oscar hits eastern Cuba as island grapples with blackout
- New Zealand basks in 'golden 48 hours' after sporting triumphs
- UN biodiversity summit opens with call for 'significant' funding
- Dodgers beat Mets to set World Series showdown with Yankees
- Liberty rally to top Lynx in overtime for WNBA title
- US, Canada warships pass through Taiwan Strait
- Asian markets fluctuate as traders digest China rate cut
- Naomi Osaka season over because of injury
- Toll from attack in India-controlled Kashmir rises to seven: reports
- Simmering Bellingham set for Dortmund reunion in Champions League
- World Cup winner Kerr thanks 'grandmas' for T20 inspiration
- Dortmund identity crisis ahead of European rematch with Real Madrid
- China's central bank cuts two key rates to boost economy
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Stock markets mostly fall, oil jumps as China cuts rates
Major stock markets dropped Monday and oil prices jumped as traders weighed fresh interest-rate cuts from China's central bank aimed at reigniting the world's second-biggest economy.
Another record session Friday on Wall Street failed to inspire a similar rally elsewhere, as main equity indices in Europe and Asia began the week lower. Shanghai edged up however.
Haven investment gold reached a new all-time high on geopolitical concerns and uncertainty over the outcome of the upcoming US election, analysts said.
Oil prices, which tumbled more than eight percent last week, also won support from Middle East unrest, as well as from hopes of increased demand from China -- the world's top importer of crude.
"The idea is that the move (on Chinese rates) will encourage lending and spending and help mend the ailing property market," said Susannah Streeter, head of money and markets at Hargreaves Lansdown.
"But there are still expectations that further fiscal stimulus will be needed."
China's central bank on Monday said it had slashed two key interest rates to all-time lows as part of a drive by authorities to revive spending and achieve their five percent annual economic growth target.
The move comes after figures last week showed China's economy expanded at its slowest quarterly pace since the start of 2023, but still better than forecast.
Beijing has since last month unveiled a raft of measures to revive the economy including rate cuts, an easing of home-buying rules and pledges to support equity markets.
The announcements inspired a blockbuster rally in mainland and Hong Kong stocks, but some of those gains have been erased after a series of disappointing news conferences that failed to provide any detail or meaningful measures.
"Officials are gradually ramping up support to kick-start the economy -- but the will-they-won't-they of announcements has made the process a rollercoaster for markets," Moody's Analytics said Monday.
In foreign exchange, the euro dropped versus the dollar amid further signs of easing inflation in the eurozone.
Data on Monday showed German producer prices fell 1.4 percent year-on-year in September, boosting analysts expectations that the European Central Bank would cut interest rates again in December.
The dollar jumped also against the pound and yen.
- Key figures around 1040 GMT -
London - FTSE 100: DOWN 0.2 percent at 8,343.50 points
Paris - CAC 40: DOWN 0.8 percent at 7,552.87
Frankfurt - DAX: DOWN 0.7 percent at 19,514.83
Tokyo - Nikkei 225: DOWN 0.1 percent at 38,954.60 (close)
Hong Kong - Hang Seng Index: DOWN 1.6 percent at 20,478.46 (close)
Shanghai - Composite: UP 0.2 percent at 3,268.11 (close)
New York - Dow: UP 0.1 percent at 43,275.91 (close)
Euro/dollar: DOWN at $1.0848 from $1.0868 on Friday
Pound/dollar: DOWN at $1.3019 from $1.3047
Dollar/yen: UP at 149.98 yen from 149.45 yen
Euro/pound: DOWN at 83.29 pence from 83.30 pence
West Texas Intermediate: UP 1.7 percent at $69.82 per barrel
Brent North Sea Crude: UP 1.4 percent at $74.05 per barrel
B.Finley--AMWN