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- Oil prices tumble, global stocks rise as Iran fears ease
- Boeing announces stock offering expected to raise up to $19 billion
- UK far-right figurehead Tommy Robinson jailed for 18 months
- X suspends new account posting on behalf of Iran leader Khamenei
- Lithuania's centre left starts coalition talks after election win
- Manchester United sack manager Ten Hag
- Michelin-starred Thai street food cook hints at retirement
- Crisis-hit VW mulls closing at least three German plants
- Middle East aid workers say rules of war being flouted
- Taijul vows Bangladesh to bounce back in second South Africa Test
- Ship with suspected toxic waste returns to Albania
- Saka regrets Arsenal not showing 'our best selves' against Liverpool
- Afghanistan morality ministry spreads 'living things' images ban
- Spanish PM in India seeking to bolster trade ties
- Israel presses Gaza and Lebanon assaults as Egypt touts truce plan
- Carbon cuts 'miles short' of 2030 goal: UN
- Crisis-hit VW eyeing plant closures, deep pay cuts: report
- Trump, Harris lean on traditional bases eight days before US vote
- Still no snow on Japan's Mount Fuji, breaking record
- Philips lowers sales outlook on drop in China orders
- Paris show spotlights Afghan women who 'lost hope'
- Climate change-worsened floods wreak havoc in Africa
- French screen legend Depardieu faces sexual assault trial
- Record number of women win seats in Japan election
- Vinicius favourite for Ballon d'Or in post-Messi/Ronaldo era
- Milan and Inter back on long road towards a new San Siro
- Oil prices tumble as Iran fears ease, yen weakens after Japan polls
- Olympus CEO resigns over alleged illegal drugs purchase
- After disastrous election, what happens to Japan's new PM?
- Bangladesh immunity order sparks fears of justice denied
- North Korea says probe 'proved' Seoul to blame for drones
- Wallabies return to Perth and Townsville for 2025 Tests
- Australia rest Test stars for Pakistan T20 series
- New storm bears down on Philippines after deadly Trami
- 'Wiped off the face of the Earth': How Russia erased a Ukrainian city
- Down to the wire: Trump, Harris in final week push
- NFL Chiefs stay unbeaten as Commanders win on miracle catch
- Trump's New York rally attacks Harris, draws criticism
- Maxey scores 45 points to propel 76ers over Pacers
- Left, center-right candidates to duel in Uruguay presidential runoff: estimates
- Debutant Sears shines as US women rally to beat Iceland
- Sainz achieves wish with one more win for Ferrari
- Timothee Chalamet crashes his own look-alike contest
- McLaren say Verstappen penalties 'not enough' after 'ridiculous' Mexico move
- Eight-try Toulouse flatten Toulon to go top of Top 14
- Sainz wins Mexico Grand Prix as Norris makes most of Verstappen penalty
- Trump leads New York rally as Harris targets grassroots
- Injured Springbok Willemse to miss November Tests
- NFL Browns upset Ravens while Tagovailoa loses in comeback
Global stocks diverge, oil prices tumble as Iran fears ease
Global stocks diverged and oil prices tumbled on Monday as markets were relieved that Israel's strikes on Iran had avoided the country's energy infrastructure.
Israel avoided Iran's oil and nuclear facilities in its air strikes on the country on Saturday, easing investor fears about the extent of Israel’s retaliation to Tehran's October 1 missile barrage.
Iran has downplayed the attack, saying it caused "limited damage" to a few radar systems on military sites.
"Investors breathed a sigh of relief as the attack was more restrained than expected," said Ipek Ozkardeskaya, senior analyst at Swissquote Bank.
Brent North Sea crude, the international benchmark oil contract, fell around six percent on Monday morning with prices hovering around $71 per barrel.
"Israel's strike, carefully avoiding energy sites, has softened fears of a full-scale conflict with Iran," said Stephen Innes, analyst at SPI Asset Management.
"Even more telling is Iran's response, downplaying the attack's impact and signaling that its warnings may have deterred any more aggressive action from Israel," he added.
Concerns have shifted back to focus on oversupply in 2025 and a slowdown in demand from China, the world's largest oil importer, according to analysts.
London's FTSE 100 retreated as crude prices affected both ends of the top-tier index.
Oil and gas giants BP and Shell were both hit by the lower crude prices, making them the biggest fallers.
Meanwhile airlines easyJet and British Airways-owner IAG led gains on the prospect of lower fuel prices.
In the eurozone, Paris advanced and Frankfurt retreated.
Dutch medical device maker Philips lowered its full year sales target Monday blaming a deterioration in demand from China, with its share price dropping more than 11 percent on the Amsterdam stock exchange's blue-chip AEX index.
Investors are preparing for a busy week ahead, including the release of key US monthly jobs figures on Friday which could provide more clues about future Federal Reserve interest rate cuts.
It's also a big week for US company earnings as five of the "Magnificent Seven" tech stocks will report third-quarter results, including Alphabet (Google), Amazon, Apple, Meta (Facebook) and Microsoft.
"The market expects the US tech giants to continue to report double digit earnings growth for the next five quarters, so there are some big expectations for these companies," said Kathleen Brooks, research director at trading group XTB.
On currency markets the yen hit a three-month low, sliding more than one percent against the dollar as Japan's ruling coalition looked set to lose its majority after Sunday's general election.
Tokyo led gains on Asian markets, closing up 1.8 percent as the yen's weakness boosted Japanese shares, with exporters benefiting from a cheaper currency.
Shanghai also rose while Hong Kong was flat.
In India, Mumbai stocks were up 1.1 percent, with shares in solar panel maker Waaree Energies soaring 75 percent on their market debut.
- Key figures around 1100 GMT -
Brent North Sea Crude: DOWN 5.7 percent at $71.29 per barrel
West Texas Intermediate: DOWN 6.1 percent at $67.43 per barrel
London - FTSE 100: DOWN 0.2 percent at 8,231.38
Paris - CAC 40: UP 0.2 percent at 7,509.94
Frankfurt - DAX: DOWN 0.2 at 19,425.18
Tokyo - Nikkei 225: UP 1.8 percent at 38,605.53 (close)
Hong Kong - Hang Seng Index: FLAT at 20,599.36 (close)
Shanghai - Composite: UP 0.7 percent at 3,322.20 (close)
New York - Dow: DOWN 0.6 percent at 42,114.40 (close)
Euro/dollar: UP at $1.0819 from $1.0799 on Friday
Pound/dollar: UP at $1.2984 from $1.2958
Dollar/yen: UP at 152.53 yen from 152.27 yen
Euro/pound: UP at 83.35 pence from 83.30 pence
J.V.Jacinto--PC