- Fans hail Trump's 'guts' as he returns to site of rally shooting
- Lebanon state media says Israeli strikes hit south Beirut
- Miami on track for MLS record points after win in Toronto
- Monaco take top spot in Ligue 1 with win at Rennes
- Madrid beat Villarreal to level Liga leaders Barca
- Thuram treble fires Inter past Torino and up to second
- 'Fight': defiant Trump jets in to site of rally shooting
- Mexico City's new mayor sworn in with pledges on water, housing
- Israel on alert ahead of Hamas attack anniversary
- Guardians maul Tigers in MLB playoff series opener
- Macron criticises Israel on Gaza, Lebanon operations
- French rugby player whistled but 'serene' on return amid ongoing rape case
- Retegui hat-trick fires five-star Atalanta to hammering of Genoa
- Heavyweights Australia, England off to World Cup winning starts
- Visiting UN refugee agency chief decries 'terrible crisis' in Lebanon
- Spinners come to party as England defeat Bangladesh at T20 World Cup
- Search continues for missing in deadly Bosnia floods
- Man City sink Fulham to get title bid back on track
- France's Auradou whistled on Pau return in Perpignan loss amid ongoing rape case
- A 'forgotten' valley in storm-hit North Carolina, desperate for help
- Arsenal hit back in style after Southampton scare
- Hezbollah heir apparent Safieddine out of contact after strikes
- Liverpool stay top of Premier League as Arsenal, Man City win
- In dank Tour of Emilia, Pogacar shines in rainbow jersey
- DR Congo launches mpox vaccination drive, hoping to curb outbreak
- Trump returns to site of failed assassination
- Careless Leverkusen held to Bundesliga draw
- O'Brien's 'superstar' Kyprios posts landmark win on Arc weekend
- Liverpool suffer Alisson injury blow
- Habosi helps Racing beat Vannes before Auradou's playing return
- Thousands march in London in support of Palestinians, 1 year after Oct 7
- Israel readying response to Iran missile attack
- Schutt, Mooney help Australia beat Sri Lanka in Women's T20 World Cup
- Liverpool extend Premier League lead with win at Palace
- Djokovic 'shakes rust off' to make third round of Shanghai Masters
- 'Imperfect' PSG fighting on all fronts - Luis Enrique
- Struggling Pakistan look to thwart adaptable England
- 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
Stocks rebound, oil extends losses
US and European stock markets rebounded Tuesday following days of losses on fears over rising US interest rates fuelled by surging inflation and the impact of China's prolonged Covid lockdowns.
World stock markets have been on a tempestuous ride this year, but have seen sharp losses after the US Federal Reserve last week hiked interest rates by half a percentage point to get a grip on surging inflation.
Between rising prices eating into the disposable income of consumers and higher borrowing costs, investors have been increasingly concerned about the possibility of recession.
After several days of sharp losses, both European and US stock markets turned positive on Tuesday, with the Dow gaining 1.5 percent at the start of trading.
"The thrust of this morning's upward movement is rooted in the thrashing that has been seen since last Wednesday's highs," said market analyst Patrick O'Hare at Briefing.com.
"Specifically, the Nasdaq Composite has dropped 10.5 percent from its high following the Potemkin-like rally in the wake of the" Fed's announcement of the rate hike.
Many tech stocks are listed on the Nasdaq Composite and these companies are sensitive to interest rates and often viewed as riskier investments.
"We're seeing a small recovery in stock markets on Tuesday, as investors dust themselves off following the rout at the start of the week," said Craig Erlam, senior market analyst at online trading platform OANDA.
"There's clearly a huge amount of worry about a recession in the markets at the minute as central banks continue to aggressively tighten against the backdrop of a slowing economy and a cost-of-living crisis," he added.
Asian equities mostly sank following sharp losses on Wall Street on Monday.
- Bitcoin woes -
Bitcoin on Tuesday slumped briefly under $30,000, reaching a 10-month low.
The volatile cryptocurrency has lost more than half its value since a November surge saw it reach a record-high of nearly $69,000.
While crypto enthusiasts view bitcoin as a hedge against inflation, an influx of more traditional investors tend to view it as a riskier asset.
They have been offloading bitcoin and other digital tokens along with other volatile assets like tech stocks as the US Federal Reserve moves to hike interest rates to tackle decades-high inflation.
Data on Tuesday showed inflation in Greece jumping by 10.2 percent in April, its highest level since 1995, while it reached its highest rate since 1984 in Denmark at 6.7 percent.
Inflation began to rise after countries emerged from Covid pandemic restrictions last year, but it worsened following Russia's invasion of Ukraine, which pushed energy and food prices even higher.
The Ukrainian economy is set to contract by almost one third this year in the wake of Russia's invasion, the European development bank said.
Ukraine's output is set to contract 30 percent compared with an EBRD forecast of minus 20 percent given in March shortly after Moscow's military offensive.
Elsewhere Tuesday, oil prices fell further but the losses were less severe than the drops of more than six percent Monday on weaker demand concerns.
- Key figures at around 1330 GMT -
London - FTSE 100: UP 1.1 percent at 7,298.59 points
Frankfurt - DAX: UP 2.4 percent at 13,707.71
Paris - CAC 40: UP 1.9 percent at 6,204.07
EURO STOXX 50: UP 1.7 percent at 3,540.85
New York - Dow: UP 1.5 percent at 32,724.54
Hong Kong - Hang Seng Index: DOWN 1.8 percent at 19,633.69 (close)
Shanghai - Composite: UP 1.1 percent at 3,035.84 (close)
Tokyo - Nikkei 225: DOWN 0.6 percent at 26,167.10 (close)
Brent North Sea crude: DOWN 0.7 percent at $105.24 per barrel
West Texas Intermediate: DOWN 0.5 percent at $102.55 per barrel
Euro/dollar: DOWN at $1.0560 from $1.0563 on Monday
Pound/dollar: UP at $1.2334 from $1.2331
Euro/pound: DOWN at 85.61 pence from 85.64 pence
Dollar/yen: DOWN at 130.06 yen from 130.26 yen
burs-rl/lcm/lth
L.Henrique--PC