- Jamaica's De Cordova-Reid joins Leicester from Fulham
- Wolves' Kilman reunites with Lopetegui at West Ham
- Schmidt reign off to winning start as Australia beat Wales 25-16
- Russian wrestlers reject Olympics invitation
- Raducanu rediscovers Wimbledon 'fun' factor after turbulent spell
- Winning all that matters at Euro 2024 for Mbappe's minimalist France
- Eight dead, two million affected by Bangladesh floods
- Robertson pleased to 'find a way' past England in tough Test baptism
- Martin sets lap record to secure German MotoGP pole
- 'Shattered' Germany set sights on World Cup after Euros exit
- Olympic hope Pedersen pulls out of Tour de France
- Djokovic eyes sweet 16 at Wimbledon as Swiatek takes on 'gangster'
- End beckons again for Ronaldo after Portugal Euros KO
- New Zealand edge England 16-15 in tense, brutal first Test
- Turkey take on Dutch in politically charged Euros quarter-final, England face Swiss
- Calling for better ties with West, Iran reformist wins presidency
- Cybercrime groups restructuring after major takedowns: experts
- Activists hail Sierra Leone child marriage ban, urge action on FGM
- Marsch relishing Canada's semi clash with Argentina
- Canada stun Venezuela on penalties to reach Copa semis
- Iran reformist Pezeshkian holds early lead in runoff vote
- Swiatek faces 'gangster' threat, Djokovic feels need for Wimbledon speed
- France holds its breath ahead of uncertain vote
- Starmer begins UK 'rebuild' after landslide election win
- Paris's Moulin Rouge inaugurates new windmill sails ahead of Olympics
- Pan, Rai share halfway lead in PGA John Deere Classic
- 'I was feeling terrible' in debate, Biden says in TV interview
- France coach Deschamps savours ending penalty hoodoo, defends Mbappe
- Thompson bids farewell to Warriors after exit
- Portugal exit Euros with pride, will return stronger: Martinez
- UK's new PM Starmer speaks to world leaders, names top team
- Spain and France to face off in Euros last four, Turkey lament 'unfair' Demiral ban
- Israel says negotiators to hold fresh Gaza truce talks next week
- France beat Portugal on penalties to reach Euro 2024 semi-finals
- Endrick to start for Brazil in Uruguay Copa clash: Dorival
- Heartbreak for Germany fans after dramatic Euros exit
- Beryl heads for Texas after causing damage, no deaths in Mexico
- Nagelsmann laments late penalty decision as hosts Germany exit Euros
- Biden declares he's all in ahead of high-risk TV interview
- Spain team 'is a winning horse', says De la Fuente
- Bows at the ready, Chad villagers battle kidnappings
- Alcaraz mimics Bellingham goal celebration after Wimbledon win
- Olmo hopes Pedri can make speedy return for Euros semi-finalists Spain
- Retiring Kroos hopeful despite Germany's 'bitter' Euros exit
- Southgate turns on English 'entitlement' over claims of easy Euros draw
- Merino extra-time goal sends Spain past Germany to Euro semis
- Koeman demands Dutch silence fervent Turkish fans at Euros
- Brad Pitt at Silverstone for filming of F1 movie
- Raducanu storms into Wimbledon last 16
- California fires spread in July 4 weekend heatwave
European equities rebound as Fed meets
European stock markets rebounded Tuesday, shrugging off steep Asian losses on the eve of a Federal Reserve monetary policy decision and after tumbling the previous day on Ukraine tensions and US rate hike fears.
In late morning deals, Frankfurt equities won 0.9 percent, while London and Paris each gained 1.1 percent in value.
World oil prices also advanced strongly while the dollar strengthened ahead of this week's Fed rate call.
All attention is now on the Fed's two-day gathering that concludes Wednesday, with investors poring over every word from the bank's statement and boss Jerome Powell's subsequent news conference.
- Fears of new sell-off -
"Investors' hands are already shaking after the bloodbath in equity markets so far in 2022, so that any aggressive moves by the Fed could cause a further sell-off among global shares," said AJ Bell investment director Russ Mould.
"The central bank is fully aware it needs to act carefully, but equally it is unlikely to sit on hands given the inflationary pressures that need addressing."
After spending much of last year playing down the spike in prices, the US central bank has in recent months taken a sharp hawkish turn on monetary policy as officials look to bring inflation -- which is at a four-decade high -- under control.
Minutes from the most recent meeting indicate it will begin lifting interest rates from March with three or possibly four more hikes before the end of the year.
On top of that, it plans to start offloading its vast bond holdings.
But while the move to battle runaway prices is seen as crucial, the end of the era of ultra-cheap cash for investors has rattled markets after almost two years of uninterrupted gains to record or multi-month highs.
- 'Volatility prevails' -
Asian indices plunged Tuesday following a highly volatile day on Wall Street fuelled by fears about the Fed's plans, with eyes also on Ukraine.
"Volatility is likely to prevail for the moment," noted Interactive Investor analyst Richard Hunter.
Global equities were spooked Monday with London diving 2.6 percent while Frankfurt and Paris had each tumbled by almost four percent.
Wall Street stocks, however, staged a feverish comeback Monday after stumbling to multi-month lows.
Heightened concern about Russia's troop build-up on Ukraine's border has weighed on investor sentiment, alongside a disappointing start to the corporate earnings season.
Sentiment brightened somewhat Tuesday after Ericsson logged 2021 net profits, as the Swedish telecoms giant makes headway in 5G services.
London investors also digested news of 1,500 job cuts at British consumer goods giant Unilever, whose share price nudged lower.
The announcement comes after Unilever failed with a £50-billion ($68-billion) takeover bid for the consumer health care unit owned by pharmaceutical groups GlaxoSmithKline and Pfizer.
- Key figures around 1050 GMT -
London - FTSE 100: UP 1.1 percent at 7,378.88 points
Paris - CAC 40: UP 1.1 percent at 6,864.20
Frankfurt - DAX: UP 0.9 percent at 15,143.80
EURO STOXX 50: UP 1.1 percent at 4,096.36
Tokyo - Nikkei 225: DOWN 1.7 percent at 27,131.34 (close)
Hong Kong - Hang Seng Index: DOWN 1.7 percent at 24,243.61 (close)
Shanghai - Composite: DOWN 2.6 percent at 3,433.06 (close)
New York - Dow: UP 0.3 percent at 34,364.50 (close)
Euro/dollar: DOWN at $1.1286 from $1.1326 late Monday
Pound/dollar: DOWN at $1.3480 from $1.3488
Euro/pound: DOWN at 83.72 pence from 83.97 pence
Dollar/yen: UP at 114.07 yen from 113.95 yen
Brent North Sea crude: UP 1.3 percent at $87.37 per barrel
West Texas Intermediate: UP 1.2 percent at $84.30 per barrel
burs-rfj/imm
L.Torres--PC