- 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
Stocks recoup some losses after Russia sees 'chance' in Ukraine crisis
Global equities were able to claw back at least some of their earlier losses on Monday after Russia suggested there might be a "chance" of reaching an agreement with the West over Ukraine.
Stocks on Wall Street opened almost flat, even if they subsequently slipped into the red, and European markets -- which had fallen sharply earlier in the session -- managed to recoup some of the lost ground by mid-afternoon.
"The tone changed suddenly... following a headline that Russian Foreign Minister Lavrov said there is a chance for agreement on security issues," said Patrick O'Hare at Briefing.com.
In what appeared to be a possible climbdown amid raging tensions over Ukraine, Russian Foreign Minister Sergei Lavrov told President Vladimir Putin that there was a "chance" of reaching an agreement on security with the West.
"The fact that the door has not been shut to further talks... is a good thing," O'Hare said.
"Hence, the negativity seen earlier has dissipated some, yet there is still a major cloud of uncertainty hanging over the market."
Earlier, markets had fallen even more sharply after the United States warned that Russia could attack Ukraine within days.
Russia's main stock market was down more than four percent while the ruble fell against the dollar.
But even as that small glimmer of hope appeared in the Ukraine crisis, remarks by a top US Federal Reserve official that the central bank needed to accelerate the pace of interest rate increases to fight inflation threatened to dampen some of the nascent optimism.
"Our credibility is on the line here," St. Louis Fed President James Bullard said on CNBC.
After consumer prices saw their biggest jump in 40 years in January, he said the Fed should "front load" rate increases to rise by a full point by July.
- $100 oil? -
The Ukraine crisis also sent oil prices sharply higher amid a pick-up in crude demand as economies reopen after the coronavirus pandemic and people return to a more normal life.
In earlier Asian deals, Brent had climbed as high as $96.16 and WTI crude to $94.94 per barrel, stoking renewed concern over elevated inflation.
"Russia is the world's second-largest exporter of crude oil and the largest exporter of natural gas," said Commerzbank analyst Carsten Fritsch.
"If Russia invades Ukraine, crude oil and natural gas prices can be expected to surge significantly. In this case, Brent would probably exceed $100 per barrel."
Europe has for months already suffered from soaring natural gas prices, which have fuelled rocketing domestic energy prices and sparked decades-high inflation.
"In the event of a Russia-Ukraine escalation we could be seeing a significant increase in domestic energy prices since much of Europe is heavily reliant on Russian oil and gas supplies," said XTB analyst Walid Koudmani.
"As energy prices have been a key contributor to the recent record levels of inflation, a further increase could spill over into the majority of the economy and potentially hinder an already fragile post-pandemic economic recovery."
- Key figures around 1440 GMT -
New York - Dow: DOWN 0.2 percent at 34,668.67 points
London - FTSE 100: DOWN 1.7 percent at 7,532.39
Frankfurt - DAX: DOWN 2.1 percent at 15,092.66
Paris - CAC 40: DOWN 2.5 percent at 6,835.50
EURO STOXX 50: DOWN 2.3 percent at 4,057.87
Tokyo - Nikkei 225: DOWN 2.2 percent at 27,079.59 (close)
Hong Kong - Hang Seng Index: DOWN 1.4 percent at 24,556.57 (close)
Shanghai - Composite: DOWN 1.0 percent at 3,428.88 (close)
Brent North Sea crude: DOWN 0.7 percent at $93.82 per barrel
West Texas Intermediate: DOWN 0.7 percent at $92.47 per barrel
Euro/dollar: DOWN at $1.1326 from $1.1350 late Friday
Pound/dollar: DOWN at $1.3531 from $1.3564
Euro/pound: UP at 83.70 pence from 83.68 pence
Dollar/yen: UP at 115.43 yen from 115.42 yen
burs-spm/kjm
X.Karnes--AMWN