- Child 'trampled to death' in asylum seekers' Channel crossing: minister
- Gauff fights back to set up Beijing final against Muchova
- Guardiola claims Premier League won't delay season for Man City
- Israel to mark October 7 attack as Gaza war spreads
- Gauff fights back to reach China Open final
- Recovering Stokes ruled out of first Pakistan Test
- Hezbollah battles troops on border as Israel pounds Lebanon
- 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
Stock markets extend recovery, dollar at multi-year highs
Stock markets powered higher Thursday, extending a recovery on bargain hunting after sharp losses at the start of the week.
In foreign exchange, the dollar traded around 20-year peaks versus the yen and at the highest level in more than five years against the euro as the Federal Reserve aggressively hikes US interest rates.
Trading is volatile across major assets as investors remain on high alert over a range of crises including the Ukraine war, surging inflation, higher interest rates and Chinese Covid lockdowns.
National Australia Bank's Rodrigo Catril said "risk assets in general still need to navigate the consequences from what looks to be an increasingly more aggressive policy tightening by many central banks".
He added that "China's zero-Covid policy remains in place and the prospect of a protracted Russia-Ukraine conflict does not bode well for the energy prices and energy supply for Europe in particular."
The ongoing earnings season has meanwhile seen a mixed bag of results that have weighed on tech firms, though there was some cheer from a forecast-beating reading by Facebook parent Meta on Wednesday, which analysts said could provide some relief to the sector.
Investors took heart also from a report by China's state broadcaster CCTV that said officials had promised more policies on boosting the nation's employment.
Unemployment in China -- the world's second biggest economy after the United States -- has recently jumped on fresh Covid lockdowns in major cities including Shanghai.
It comes at a time of surging inflation that is causing central banks around the globe to hike interest rates.
Sweden's central bank on Thursday became the latest to lift rates, from zero to 0.25 percent.
The Federal Reserve is next week expected to lift US interest rates by half a point and signal further big increases through the year.
So far the European Central Bank has refused to tighten borrowing costs and on Thursday ECB vice-president Luis de Guindos said a surge in eurozone consumer prices is "very close" to reaching its peak.
Soaring prices are impacting consumers and businesses.
Unilever on Thursday announced a jump in revenue after the British consumer goods giant passed on higher costs to customers.
In other corporate news, shares in Standard Chartered soared 16 percent in London after the bank that is focused on Asia and emerging markets globally lifted its annual profits outlook after an upbeat first quarter.
- Key figures at 1100 GMT -
London - FTSE 100: UP 1.0 percent at 7,495.80 points
Paris - CAC 40: UP 1.3 percent at 6,531.51
Frankfurt - DAX: UP 1.2 percent at 13,964.11
EURO STOXX 50: UP 1.3 percent at 3,783.29
Tokyo - Nikkei 225: UP 1.8 percent at 26,847.90 (close)
Hong Kong - Hang Seng Index: UP 1.7 percent at 20,276.17 (close)
Shanghai - Composite: UP 0.6 percent at 2,975.48 (close)
New York - Dow: UP 0.2 percent at 33,301.93 (close)
Euro/dollar: DOWN at $1.0501 from $1.0556 late Wednesday
Pound/dollar: DOWN at $1.2472 from $1.2543
Euro/pound: UP at 84.18 pence from 84.14 pence
Dollar/yen: UP at 130.46 yen from 128.43 yen
Brent North Sea crude: DOWN 0.1 percent at $105.20 per barrel
West Texas Intermediate: UP 0.2 percent at $102.22 per barrel
P.Queiroz--PC