- PSG held by Nice to leave Monaco clear at top of Ligue 1
- Lewandowski treble for leaders Barca as Atletico held
- Fresh Israeli strikes hit south Beirut
- Sucic stunner earns Real Sociedad draw against Atletico
- PSG draw with Nice, fail to reclaim top spot in Ligue 1
- Gudmundsson downs AC Milan after De Gea's penalty heroics for Fiorentina
- 'Yes' vote prevails in Kazakhstan nuclear plant vote: TV
- 'Difficult day': Oct 7 commemorations begin with festival memorial
- Commemorations begin for anniversary of attack on Israel
- 'Nothing gets in way of team,' says Celtics' MVP hopeful Tatum
- 'We will win!': Mozambique's ruling party confident at final vote rally
- Tunisia voting ends as Saied eyes re-election with critics behind bars
- Florida braces for Milton, FEMA head slams 'dangerous' Helene misinformation
- Postecoglou slams 'unacceptable' Spurs after 'terrible' loss at Brighton
- Marmoush double denies Bayern outright Bundesliga top spot
- Rallies worldwide call for Gaza, Lebanon ceasefire
- New 'Joker' film, a dark musical, tops N.America box office
- Man Utd stalemate keeps Ten Hag in danger, Spurs rocked by Brighton
- Drowned by hurricane, remote N.Carolina towns now struggle for water
- Vikings hold off Jets in London to stay unbeaten
- Ahead of attack anniversary, Netanyahu says: 'We will win'
- West Indies cruise to T20 World Cup win over Scotland
- Man Utd fire another blank in Aston Villa stalemate
- Lewandowski treble powers Liga leaders Barca to Alaves victory
- Russian activist killed on front line in Ukraine
- Openda strike briefly sends Leipzig top of Bundesliga
- Goal-shy Man Utd have to 'step up', says Ten Hag
- India bowl out Bangladesh for 127 in T20 opener
- Madueke rescues Chelsea in draw with 10-man Forest
- Beckett's belief rewarded as Bluestocking storms to Arc glory
- Trump on the stump, Harris hits airwaves in razor-edge US election
- Flash flooding kills three in northern Thailand
- Kaur leads India to victory over Pakistan in Women's T20 World Cup
- Juventus held by Cagliari after late penalty drama
- In France's Marseille, teen 'stabbed 50 times' then burned alive
- Ruthless Gauff beats Muchova in straight sets to win China Open
- 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
Stocks lower as World Bank slashes global growth forecast
Major stock markets fell Tuesday as investors fretted over central bank moves to rein in inflation and the World Bank cut its global economic growth forecast following Russia's invasion of Ukraine.
The World Bank slashed its growth estimate from 4.1 percent to 2.9 percent, warning that "recession will be hard to avoid" in many countries.
"The world economy is expected to experience its sharpest deceleration following an initial recovery from global recession in more than 80 years," the Washington-based institution said in its Global Economic Prospects report.
Craig Erlam, analyst at online trading platform OANDA, said the markets had given back most of the gains seen on Monday "in a sign of ongoing uncertainty as to the direction of equity markets and the economy".
Stock markets in London, Paris and Frankfurt, all ended the day in negative territory. And Wall Street was also in the red at around mid-session.
Forex.com analyst Fawad Razaqzada warned that markets would continue on their downward trend for some time to come as central banks wind down easy money policies in efforts to combat soaring inflation.
"We are still in a bear market and with central banks ending (quantitative easing) and reducing their balance sheets, the good days of the stock markets may well be behind us," he said.
"Keep your seat belts fastened because there will be more turbulence ahead, as central banks are forced to withdraw support."
Earlier in Asia, Sydney's stock market had closed down more than one percent after the Australian central bank announced a bigger-than-forecast rate hike to quell inflation.
- UK PM's no confidence vote -
Elsewhere, the pound fell against both the dollar and euro, even though British Prime Minister Boris Johnson survived a vote of no confidence from his own Conservative MPs.
"Although the leader came out victorious, the triggering of the confidence vote itself along with the fact that 41 percent of Tory MPs failed to back him are both politically corrosive, leaving the prime minister wounded," said Victoria Scholar, head of investment at Interactive Investor.
"History suggests that this could mark the beginning of the end of his time as prime minister."
Johnson has been under fire for months after a string of scandals, including the so-called "Partygate" controversy over Covid lockdown-breaking events at Downing Street, where the prime minister was found to have broken the law.
His Conservative government is also under pressure over its handling of a cost-of-living crisis in the UK after the country's inflation rate soared to the highest level in four decades.
An easing of Covid lockdown measures in China is helping to offset some of the worries over inflation, which is being fuelled by high oil prices following the invasion of Ukraine by key crude producer Russia.
- Key figures at around 1540 GMT -
New York - Dow: DOWN 0.1 percent to 32,882.21 points
London - FTSE 100: DOWN 0.1 percent at 7,598.93 (close)
Frankfurt - DAX: DOWN 0.7 percent at 14,556.62 (close)
Paris - CAC 40: DOWN 0.7 percent at 6,500.35 (close)
EURO STOXX 50: DOWN 0.8 percent at 3,806.74
Tokyo - Nikkei 225: UP 0.1 percent at 27,943.95 (close)
Hong Kong - Hang Seng Index: DOWN 0.6 percent at 21,531.67 (close)
Shanghai - Composite: UP 0.2 percent at 3,241.76 (close)
Dollar/yen: UP at 132.58 yen from 131.88 yen late Monday
Euro/dollar: DOWN at $1.0696 from $1.0699
Pound/dollar: UP at $1.2584 from $1.2528
Euro/pound: DOWN at 85.03 pence from 85.37 pence
Brent North Sea crude: UP 0.5 percent at $120.09 per barrel
West Texas Intermediate: UP 0.4 percent at $118.99 per barrel
burs/spm/jj
Nogueira--PC