- 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
US stocks shrug off dreary World Bank outlook, yen tumbles
Wall Street stocks finished a roller-coaster session higher Tuesday, while the yen touched a fresh 20-year low against the dollar in anticipation of more US monetary tightening.
After declines by most leading European and Asian bourses, US stocks also began the day with losses following a downcast outlook from the World Bank and a profit warning from retail giant Target.
The World Bank cut its global growth estimate to 2.9 percent, 1.2 percentage points below the January forecast, in the wake of Russia's invasion of Ukraine, which has sent grain and oil prices soaring.
Meanwhile, Target said it was canceling orders and undertaking heavy markdowns due to excess inventory, some of which arrived late because of supply chain problems.
But while Target fell 2.3 percent, the broader market recovered as investors viewed the downcast statement as consistent with recent earnings from retailers highlighting higher costs.
"I thought it was a little unfair to punish the markets twice for Target," said Jack Ablin, chief investment officer at Cresset Capital.
"There's certainly a lot of uncertainty in terms of data. We're waiting for inflation later this week," Ablin said. "In the meantime, we're going to see a fair amount of turbulence."
All three major US indices finished solidly higher, with the broad-based S&P 500 up one percent.
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.
Leading central banks, including the US Federal Reserve, have implemented interest rate hikes in response to the pricing pressures.
At a closely-watched meeting Thursday, the European Central Bank is expected to cease its stimulus program in a prelude to hiking rates.
But the Bank of Japan has taken a hands-off approach to the wave of price increases, pressuring its currency -- the yen hit a fresh 20-year low against the dollar and seven-year low against the euro.
"The BoJ stands out among its global peers in not tightening policy, which is leading to a widening interest rate differential as other central banks continue hiking," noted Deutsche Bank analyst Jim Reid.
- Key figures at around 2040 GMT -
New York - Dow: UP 0.8 percent to 33,180.14 (close)
New York - S&P 500: UP 1.0 percent at 4,160.68 (close)
New York - Nasdaq: UP 0.9 percent at 12,175.23 (close)
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 (close)
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 132.62 yen from 131.88 yen late Monday
Euro/dollar: UP at $1.0715 from $1.0696
Pound/dollar: UP at $1.2592 from $1.2532
Euro/pound: DOWN at 85.02 pence from 85.35 pence
Brent North Sea crude: UP 0.9 percent at $120.57 per barrel
West Texas Intermediate: UP 0.8 percent at $119.41 per barrel
burs-jmb/sst
T.Resende--PC