- India restrict Pakistan to 105-8 in Women's T20 World Cup
- England target repeat of Pakistan Test whitewash
- Penrith Panthers win fourth straight NRL title after downing Storm
- Weary Sinner happy for day off after battling into Shanghai last 16
- Pakistan's Masood warns England still a force without Stokes
- Madrid's Carvajal to miss several months after serious knee injury
- Two elephants die in flash flooding in northern Thailand
- Sabalenka targets world number one and Wuhan hat-trick
- Tunisia votes with Saied set for re-election
- Bagnaia sets 'example' with Japan MotoGP win to cut gap on Martin
- Intense Israeli bombing rocks Beirut ahead of war anniversary
- Mozambique vote: no suspense but some disillusion
- Austrian rapper channels anti-racist rage in Romani hip-hop songs
- Ohtani magic powers Dodgers over Padres in MLB playoff thriller
- Five of the best: Pakistan-England Test thrillers
- Man sets arm on fire as marches across US mark Gaza war anniversary
- Vietnam's young coffee entrepreneurs brew up a revolution
- Trump rallies at site of failed assassination: 'Never quit'
- Too hot by day, Dubai's floodlit beaches are packed at night
- Is music finally reckoning with #MeToo?
- 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
Euro rallies as ECB signals end to negative rates
The euro jumped one percent versus the dollar Monday after European Central Bank chief Christine Lagarde signalled the end of ECB negative interest rates.
The euro struck a one-month high at $1.0688 after Lagarde said the central bank would probably draw a line under the era of negative interest rates by September owing to soaring eurozone inflation.
"That's something that we were waiting for so long," noted Swissquote analyst Ipek Ozkardeskaya.
"Lagarde is finally showing that the (inflation) situation is serious in Europe as well," she told AFP.
Central banks around the world are increasing interest rates to tackle the highest inflation in decades but so far the ECB has refused to follow the likes of the Federal Reserve and Bank of England in hiking borrowing costs from record-low levels.
Eurozone inflation soared by an all-time high 7.5 percent in April.
The surge has been driven by soaring energy and food prices as economies reopen from pandemic lockdowns and following Russia's invasion of Ukraine.
Oil prices jumped more than one percent Monday.
Elsewhere, stock markets mostly climbed after US President Joe Biden said he was considering lifting some trade tariffs imposed on China by predecessor Donald Trump.
Tariffs on hundreds of billions of dollars of Chinese imports are due to expire in July, and Biden has faced growing calls to get rid of the punitive duties to help combat the highest US inflation in more than four decades.
Biden's comments Monday came during a visit to Tokyo.
The president added that while a US recession was not inevitable, he acknowledged the economic pain felt by American consumers over soaring inflation.
Ending the tariffs could help cut roaring US inflation by making imports cheaper.
Biden also announced that 13 countries had joined a new, US-led Asia-Pacific trade initiative.
Investors will be looking to the release on Wednesday of minutes from the last Federal Reserve meeting for clues on the pace of future interest rate hikes by the US central bank.
- Key figures at around 1100 GMT -
Euro/dollar: UP at $1.0670 from $1.0564
Pound/dollar: UP at $1.2576 from $1.2497
Euro/pound: UP at 84.82 pence from 84.50 pence
Dollar/yen: DOWN at 127.45 yen from 127.86 yen on Friday
London - FTSE 100: UP 1.0 percent at 7,466.44 points
Frankfurt - DAX: UP 0.7 percent at 14,083.07
Paris - CAC 40: UP 0.2 percent at 6,295.88
EURO STOXX 50: UP 0.4 percent at 3,672.72
Tokyo - Nikkei 225: UP 1.0 percent at 27,001.52 (close)
Hong Kong - Hang Seng Index: DOWN 1.2 percent at 20,470.06 (close)
Shanghai - Composite: FLAT at 3,146.86 (close)
New York - Dow: FLAT at 31,261.90 (close)
Brent North Sea crude: UP 1.2 percent at $113.86 per barrel
West Texas Intermediate: UP 1.1 percent at $111.47 per barrel
A.Magalhes--PC