- Alcaraz, Sinner breeze into third round of Shanghai Masters
- Bagnaia wins Japan MotoGP sprint to cut Martin's lead
- Alcaraz breezes into third round of Shanghai Masters
- Gaza cultural heritage brought to light in Geneva
- 'Bullet for democracy': Trump returns to site of rally shooting
- Italy targets climate activists in 'anti-Gandhi' demo clampdown
- South Korean cult-horror series 'Hellbound' returns at BIFF
- Nepalis fear more floods as climate change melts glaciers
- Honduras arrests environmentalist's alleged murderer
- Padres pitcher Musgrove needs elbow surgery
- Supreme Court lets stand rules to curb mercury, methane emissions
- Boston beat Denver in NBA exhibition season opener, but Jokic says omens are good
- Chagos diaspora angry at lack of input on islands' fate
- Biden says 'not confident' of peaceful US election
- US trade chief defends tariff hikes when paired with investment
- Lukaku stars as Napoli beat Como to hold Serie A top spot
- Ohtani set for MLB playoff debut as Dodgers face Padres
- Pogba's drug ban cut to 18 months from four years
- Devine leads New Zealand to big win over India in Women's T20 World Cup
- Bosnia floods kill 16 people
- EU court blocks French ban on vegetable 'steak' labelling
- Prosecutors seek dismissal of rape charges against French rugby players
- Meta AI turns pictures into videos with sound
- Bolivia's Morales says claims he raped a minor are a 'lie'
- MLB Reds hire two-time champion Francona as manager
- Daniel Maldini receives first Italy call-up for Nations League
- US dockworkers return to ports after three-day strike
- Ancelotti points finger at Madrid's 'lack of intensity'
- Haiti reeling after 70 killed in gang attack
- Five Czech kids in hospital over TikTok 'piercing challenge'
- What happens next in Iran-Israel conflict?
- Country star Garth Brooks denies rape accusations
- Stubbs hits maiden century as South Africa make 343-4 against Ireland
- DR Congo to begin mpox vaccination campaign Saturday in east
- Odegaard injury has forced Arsenal to be 'different', says Arteta
- Ratcliffe refuses to guarantee Ten Hag's Man Utd future
- Meta must limit data use for targeted ads: EU court
- Mauritius to hold legislative election on November 10
- Britain qualify for America's Cup final after 60-year wait
- IMF asks Sri Lanka to protect hard-won gains
- Morata returns to Spain Nations League squad after injury
- Irish regulator to probe Ryanair use of facial recognition
- Public allowed to see video evidence in France mass rape trial
- US hiring soars past expectations in sign of resilient market
- Under-fire Ten Hag 'together' with Man Utd hierarchy
- Guardiola talks of Man City love affair as financial hearing rumbles on
- De Bruyne out of Belgium Nations League squad
- Japanese trainer Yahagi hopes Shin Emperor achieves 50-year-old Arc dream
- UK's Starmer hails 'landmark' carbon capture funding
- As EU targets Chinese cars, European rivals sputter
Oil prices slide on China fears; Twitter rises on Musk deal
Oil prices tumbled Monday along with equities in Europe and Asia on worries over a worsening Covid-19 outbreak in China, while US stocks finished a volatile session higher as Elon Musk sealed a deal to acquire Twitter.
Crude prices dove more than three percent on growing concerns over Chinese lockdowns in response to its latest Covid-19 wave. Dollar-denominated oil has also been pressured by the higher dollar.
Officials in finance hub Shanghai reported 51 deaths Monday, its highest daily toll despite weeks of strict containment measures, while Beijing warned of a "grim" situation as infections rise.
Among the world's major stock markets, Shanghai led the losses, closing down more than five percent.
"Selling is widespread across global markets and asset classes, indicating that we could be on the cusp of a much bigger leg lower," said market analyst Chris Beauchamp at online trading platform IG.
In Europe, Paris shed 2.0 percent after French President Emmanuel Macron won re-election Sunday in a battle against rival Marine Le Pen.
Macron now faces the challenge of uniting a deeply divided nation with legislative elections fast approaching in which he could lose control of parliament.
Wall Street stocks also spent much of the day in the red, but ultimately forged higher, with gains accelerating after the Twitter deal was announced.
Briefing.com analyst Patrick O'Hare attributed the rally to bargain hunting after the S&P 500 slipped as low as 4,200, a level that triggered buy orders.
Investors are cautious ahead of upcoming earnings from tech giants including Apple, Amazon and Microsoft, which are significant components of major indices and usually outperform.
"Everyone's on heightened alert after the disappointment over Netflix," which last week suffered grievous losses after reporting disappointing earnings, O'Hare said.
Twitter jumped 5.7 percent after Musk announced a deal to buy the social media network for $44 billion.
Twitter agreed to the deal in an about-face from earlier resistance after Musk announced a financing plan that included $21 billion from his personal fortune.
- Key figures at 2140 GMT -
New York - Dow: UP 0.7 percent at 34,049.46 (close)
New York - S&P 500: UP 0.6 percent at 4,296.12 (close)
New York - Nasdaq: UP 1.3 percent at 13,004.85 (close)
London - FTSE 100: DOWN 1.9 percent at 7,380.54 (close)
Paris - CAC 40: DOWN 2.0 percent at 6,449.38 (close)
Frankfurt - DAX: DOWN 1.5 percent at 13,924.17 (close)
EURO STOXX 50: DOWN 2.2 percent at 3,757.59 (close)
Tokyo - Nikkei 225: DOWN 1.9 percent at 26,590.78 (close)
Hong Kong - Hang Seng Index: DOWN 3.7 percent at 19,869.34 (close)
Shanghai - Composite: DOWN 5.1 percent at 2,928.51 (close)
Brent North Sea crude: DOWN 4.1 percent at $102.32 per barrel
West Texas Intermediate: DOWN 3.5 percent at $98.54 per barrel
Euro/dollar: DOWN at $1.0716 from $1.0790 late on Friday
Pound/dollar: DOWN at $1.2744 from $1.2839
Euro/pound: UP at 84.05 pence from 84.04 pence
Dollar/yen: DOWN at 128.15 yen from 128.50 yen
burs-jmb/caw
P.Sousa--PC