- Mozambique top court confirms ruling party disputed win
- Biden commutes almost all federal death sentences
- Syrian medics say were coerced into false chemical attack testimony
- NASA solar probe to make its closest ever pass of Sun
- France's new government to be announced Monday evening: Elysee
- London toy 'shop' window where nothing is for sale
- Volkswagen boss hails cost-cutting deal but shares fall
- Accused killer of US insurance CEO pleads not guilty to 'terrorist' murder
- Global stock markets mostly higher
- Not for sale. Greenland shrugs off Trump's new push
- Sweden says China blocked prosecutors' probe of ship linked to cut cables
- Acid complicates search after deadly Brazil bridge collapse
- Norwegian Haugan dazzles in men's World Cup slalom win
- Arsenal's Saka out for 'many weeks' with hamstring injury
- Mali singer Traore child custody case postponed
- France mourns Mayotte victims amid uncertainy over government
- UK economy stagnant in third quarter in fresh setback
- Sweden says China denied request for prosecutors to probe ship linked to cut undersea cables
- African players in Europe: Salah leads Golden Boot race after brace
- Global stock markets edge higher as US inflation eases rate fears
- German far-right AfD to march in city hit by Christmas market attack
- Ireland centre Henshaw signs IRFU contract extension
- Bangladesh launches $5bn graft probe into Hasina's family
- US probes China chip industry on 'anticompetitive' concerns
- Biden commutes sentences for 37 of 40 federal death row inmates
- Clock ticks down on France government nomination
- 'Devastated' Australian tennis star Purcell provisionally suspended for doping
- Mozambique on edge as judges rule on disputed election
- Mobile cinema brings Tunisians big screen experience
- Philippines says to acquire US Typhon missile system
- Honda and Nissan to launch merger talks
- Police arrest suspect who set woman on fire in New York subway
- China vows 'cooperation' over ship linked to severed Baltic Sea cables
- Australian tennis star Purcell provisionally suspended for doping
- Asian markets track Wall St rally as US inflation eases rate fears
- Luxury Western goods line Russian stores, three years into sanctions
- Wallace and Gromit return with comic warning about AI dystopia
- Philippine military says will acquire US Typhon missile system
- Afghan bread, the humble centrepiece of every meal
- Honda and Nissan expected to begin merger talks
- 'Draconian' Vietnam internet law heightens free speech fears
- Israeli women mobilise against ultra-Orthodox military exemptions
- Asian markets track Wall St rally as US inflation eases rate worries
- Tens of thousands protest in Serbian capital over fatal train station accident
- Trump vows to 'stop transgender lunacy' as a top priority
- Daniels throws five TDs as Commanders down Eagles, Lions and Vikings win
- 'Who's next?': Misinformation and online threats after US CEO slaying
- Only 12 trucks delivered food, water in North Gaza Governorate since October: Oxfam
- Hochul Signs Step Therapy Reform Measures Into Law
- CORRECTION FROM SOURCE: Greenlane Appoints Rob Shields as Chief Growth Officer
Nasdaq ends bruising January on a positive note
Wall Street stocks finished a bruising month on a positive note Monday, rallying ahead of a heavy week of economic news and corporate earnings.
After a sluggish morning, major US indices picked up momentum throughout Monday, ultimately rising for the second straight session following a mixed day in Europe.
Bolstered by Amazon, Facebook parent Meta and other tech titans, the Nasdaq finished at 14,239.88, up 3.4 percent for the day but down nine percent for the month.
"There weren't any specific macro catalysts today," said Briefing.com. "Instead, the market received support from month-end rebalancing activity that disproportionately benefited growth stocks after a dismal January."
In Europe, both Paris and Frankfurt ended higher but London dipped.
"There's no shortage of risk events for the markets this week with rate decisions from the Bank of England and the ECB (European Central Bank), the US jobs report and a slew of earnings," noted Victoria Scholar, head of investment at Interactive Investor.
Recent weeks have seen upheaval across world markets as the Federal Reserve readies to withdraw the vast financial support put in place at the start of the pandemic, which has fueled a nearly two-year equity rally.
"The markets have been roiled by concerns about stubborn inflation pressures and expectations that the Fed will have to be aggressive with its monetary policy tightening campaign," said analysts at Charles Schwab brokerage.
Observers debate the Fed's likely moves as US inflation sits at a four-decade high, with some saying it could hike up to seven times before 2023, with an initial 50 basis point move in March.
The Bank of England is widely expected to increase its main interest rate by a quarter-point Thursday to 0.5 percent.
That follows its decision in December to increase borrowing costs from a record-low 0.1 percent to 0.25 percent to combat decades-high inflation.
This week sees also an ECB policy update.
Its chief Christine Lagarde has downplayed inflation concerns, arguing that the forces pushing up prices across the eurozone are expected to ease over 2022.
Official data released Monday showed the eurozone economy grew 5.2 percent last year after a pandemic-induced recession. Meanwhile, although German inflation slowed in January, it still came in higher than expected and will likely put more pressure on the ECB to react.
- Key figures around 2150 GMT -
New York - Dow: UP 1.2 percent at 35,131.86 (close)
New York - S&P 500: UP 1.9 percent at 4,515.55 (close)
New York - Nasdaq: UP 3.4 precent at 14,239.88 (close)
London - FTSE 100: DOWN less than 0.1 percent at 7,464.37 (close)
Frankfurt - DAX: UP 1.0 percent at 15,471.20 (close)
Paris - CAC 40: UP 0.5 percent at 6,999.20 (close)
EURO STOXX 50: UP 0.9 percent at 4,174.60 (close)
Tokyo - Nikkei 225: UP 1.1 percent at 27,001.98 (close)
Hong Kong - Hang Seng Index: UP 1.1 percent at 23,802.26 (close)
Shanghai - Composite: Closed for a holiday
Euro/dollar: UP at $1.1235 from $1.1151 Friday
Pound/dollar: UP at $1.3445 from $1.3401
Euro/pound: UP at 83.54 pence from 83.22 pence
Dollar/yen: DOWN at 115.13 yen from 115.26 yen
Brent North Sea crude: UP 1.3 percent at $91.26 per barrel
West Texas Intermediate: UP 1.5 percent at $88.15 per barrel
burs-jmb/cs
O.Karlsson--AMWN