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- 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
US stocks fall, oil rallies as inflation stokes market volatility
Wall Street stocks slumped and oil prices rallied Wednesday as markets churned with more volatility after a report showed US inflation moderated less than investors had been expecting.
With stocks under pressure for much of 2022, markets had been looking to the morning's US consumer price report in hopes that easing inflation would lower pressure on the Federal Reserve to hike interest rates.
While annual inflation slowed slightly in April, the month-over-month increase exceeded expectations. Overall, consumer prices are up 8.3 percent over the last 12 months.
"The key takeaway from the report is that it provided some leeway that suggests peak inflation might have been hit, but with the moderation not as significant as had been hoped, it also stirred concerns that inflation might stick at persistently high levels longer than anyone would like, including the Fed," said Briefing.com analyst Patrick O'Hare.
US stocks gyrated after the report, opening lower, then rallying, then turning retreating again, with losses accelerating later in the session.
All three major indices finished firmly in the red, with the Nasdaq slumping 3.2 percent behind big drops in Apple, Facebook-parent Meta and other tech names.
European stocks rallied, with London rising 1.4 percent.
Frankfurt and Paris gained more than two percent although the European Central Bank signaled for the first time that its first hike in interest rates from historic lows may come as soon as July.
Oil prices jumped around five percent amid ongoing worries over Russian energy supplies.
Ukraine said Russia had halted gas supplies through a key transit hub in the east of the country, fueling fears Moscow's invasion could worsen an energy crisis in Europe.
Ukraine pipeline operator GTSOU said in a statement that Russian state energy giant Gazprom had "stopped supplying gas" to the key Sokhranivka transit point
"Oil prices have remained choppy with prices rebounding strongly today from two-week lows as uncertainty remains about the timing of an EU ban on Russian oil imports," said Michael Hewson at CMC Markets.
- Key figures at around 2050 GMT -
New York - Dow: DOWN 1.0 percent at 31,834.11 (close)
New York - S&P 500: DOWN 1.7 percent at 3,935.18 (close)
New York - Nasdaq: DOWN 3.2 percent at 11,364.24 (close)
London - FTSE 100: UP 1.4 percent at 7,347.66 (close)
Frankfurt - DAX: UP 2.2 percent at 13,828.64 (close)
Paris - CAC 40: UP 2.5 percent at 6,269.73 (close)
EURO STOXX 50: UP 2.6 percent at 3,647.87 (close)
Hong Kong - Hang Seng Index: UP 1.0 percent at 19,824.57 (close)
Shanghai - Composite: UP 0.8 percent at 3,058.70 (close)
Tokyo - Nikkei 225: UP 0.2 percent at 26,213.64 (close)
Brent North Sea crude: UP 4.9 percent at $107.51 per barrel
West Texas Intermediate: UP 6.0 percent at $105.71 per barrel
Euro/dollar: DOWN at $1.0515 from $1.0529 at 2100 GMT Tuesday
Pound/dollar: DOWN at $1.2248 from $1.2316
Euro/pound: UP at 85.84 pence from 85.49 pence
Dollar/yen: DOWN at 130.00 yen from 130.45 yen
burs-jmb/hs
L.Torres--PC