- England deserve 'world class' coach: Carsley
- Burkina Faso win to become first qualifiers for 2025 AFCON
- AC Milan's Pulisic among five out for USA match in Mexico
- France's Amandine Henry retires from international football
- Centre-left set to win pro-Ukraine Lithuania's vote
- India's World Cup hopes in Pakistan hands after Australia defeat
- Zelensky says NKorea sending troops to Russian army
- England beat Finland to get back on track
- King and Lewis propel West Indies to T20 triumph over Sri Lanka
- Pre-Halloween 'Terrifier' lands atop North America box office
- 'I still plan to compete and play next season,' says Djokovic
- Harris, Trump seek advantage in knife-edge election battle
- Chepngetich shatters women's marathon world record in Chicago
- Kamindu and Asalanka power Sri Lanka to 179 against West Indies
- Chepngetich shatters women's marathon world record as Korir wins in Chicago
- Spain send injured Yamal home 'to prioritise player's health'
- In milestone, SpaceX 'catches' megarocket booster after test flight
- Iraq walks fine line with pro-Iran factions to avoid war
- Race four abandoned after New Zealand breeze into 3-0 lead in America's Cup
- West Indies win toss, put Sri Lanka in to bat in first T20
- Sudan rescuers say air strike killed 23 in Khartoum market
- Netanyahu tells UN to move Lebanon peacekeepers out of 'harm's way'
- Bangladeshi Hindus defy attack worries to celebrate festival
- Kiwis three up in America's Cup as Ineos pay for time penalty
- In a first, SpaceX 'catches' megarocket booster after test flight
- Dominant England crush Scotland at Women's T20 World Cup
- Dropped: The rise and fall of Pakistan batting maestro Babar Azam
- Israel fights Hezbollah on the ground, pounds Lebanon from the air
- Sabalenka outlasts local hero Zheng to win third Wuhan Open title
- Bangladeshi Hindus shrug off attack worries to celebrate festival
- Former Pakistan captain Azam dropped for second England Test
- 'Opportunist' Dupont dazzles on Toulouse return
- Australia replace injured Vlaeminck with Graham at Women's T20 World Cup
- Sinner wins Shanghai Masters to deny Djokovic 100th career title
- Ubisoft fears assassin's hit over falling sales
- Israel hits Lebanon from the air and fights Hezbollah on the ground
- China's Yin has 'goosebumps' as she romps to LPGA win in Shanghai
- Pakistan to re-use Multan pitch for second England Test
- Blair and King Charles hail Salmond's 'devotion' to Scotland
- Vietnam, China hold talks on calming South China Sea tensions
- SpaceX will try to 'catch' giant Starship rocket shortly before landing
- England captain Stokes in line for second Pakistan Test return
- Japan's former empress Michiko discharged after surgery: reports
- Japan's former empress Michiko discharged after surgey: reports
- Israel widens Lebanon strikes as troops fight Hezbollah along border
- Bowlers' graveyards: Pakistan's placid pitches under fresh fire
- 'Little Gregory' murder haunts France 40 years on
- Vietnam, China to expand rail links, cross-border payments
- Americans get their belief back as Pochettino makes his mark
- Vietnam, China to boost economic, defence cooperation
Markets mixed as rate hike woes offset China tech hopes
Stock markets struggled Tuesday on long-running worries over surging inflation and rising interest rates, which overshadowed hopes that China would ease off its regulatory drive against the country's beleaguered tech giants.
A spike in US Treasury yields took the wind out of the sales for Wall Street, with focus now on the release of inflation data from the United States and China at the end of the week.
Analysts are tipping the Federal Reserve to lift borrowing costs by half a point at its next three meetings as officials try to get a grip on runaway prices.
But that is causing discomfort on trading floors as investors fret over the impact on economic growth and firms' bottom lines.
"Inflation concerns are not going anywhere fast," Fiona Cincotta, at City Index, said. "Rising crude oil prices and a strong labour report have lifted bets that the Fed may need to act aggressively to rein in inflation."
And SPI Asset Management's Stephen Innes added: "Investors are hyper-focused on inflation, economic growth, and future Fed policy.
"Most assume the worst and think a financial tsunami will hit the US and global markets thanks to the quorum of US-based bank CEOs that have given the gloomy growth narrative their imprimatur. Anything less than that outcome is going to surprise a lot of folks."
Equity markets were mixed in Asia and Europe.
Tokyo rose, helped by a softening of the yen to a two-year low owing to expectations the Bank of Japan will not tighten monetary policy just as US rates climb.
Manila and Jakarta also edged up but there were losses in Seoul, Singapore, Mumbai, Bangkok, Wellington and Taipei.
Sydney dropped more than one percent after the Australian central bank announced a bigger-than-forecast half-point rate hike to quell inflation.
Hong Kong fell and Shanghai ticked slightly higher, even as heavyweights Alibaba and JD.com led a rally among tech firms following a report that China was close to ending a painful crackdown on ride-hailing app Didi Global and restore its main apps this week. Didi's US-listed notes soared more than 20 percent.
The Wall Street Journal added that probes into two other firms -- Full Truck Alliance and recruitment platform Kanzhun -- fanning optimism for the sector's outlook after a long period of hefty selling pressure.
"This was seen as a signal that the regulatory crackdown on Chinese tech firms was starting to end... as China focuses on stabilising the economy following Covid restrictions," said National Australia Bank's Tapas Strickland.
London opened slightly higher but Paris and Frankfurt fell.
Markets have seen some levelling out in recent weeks as the easing of lockdown measures in China helps to offset some of the worries about higher rates and the impact of the Ukraine war.
But market-watcher Louis Navellier warned there was still plenty more volatility to come.
"If history repeats, we could be down tomorrow, then up on Wednesday, then down on Thursday, and possibly up on Friday," he said in a commentary. "So just get used to these up-down, up-down oscillations because they are going to continue.
"I want to remind investors to not get too excited when the market rallies because it is going to continue to oscillate. There is just too much uncertainty out there."
- Key figures at around 0720 GMT -
Tokyo - Nikkei 225: UP 0.1 percent at 27,943.95 (close)
Hong Kong - Hang Seng Index: DOWN 0.5 percent at 21,552.23
Shanghai - Composite: UP 0.2 percent at 3,241.76 (close)
London - FTSE 100: UP 0.1 percent at 7,611.56
Brent North Sea crude: UP 0.8 percent at $120.41 per barrel
West Texas Intermediate: UP 0.7 percent at $119.38 per barrel
Dollar/yen: UP at 132.73 yen from 131.88 yen
Euro/dollar: DOWN at $1.0686 from $1.0699
Pound/dollar: DOWN at $1.2468 from $1.2528
Euro/pound: UP at 85.70 pence from 85.37 pence
New York - Dow: UP 0.1 percent to 32,915.78 (close)
S.F.Warren--AMWN