- 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
- Gaza cultural heritage brought to light in Geneva
- 'Bullet for democracy': Trump returns to site of rally shooting
- Italy targets climate activists in 'anti-Gandhi' demo clampdown
- South Korean cult-horror series 'Hellbound' returns at BIFF
- Nepalis fear more floods as climate change melts glaciers
- Honduras arrests environmentalist's alleged murderer
- Padres pitcher Musgrove needs elbow surgery
- Supreme Court lets stand rules to curb mercury, methane emissions
- Boston beat Denver in NBA exhibition season opener, but Jokic says omens are good
- Chagos diaspora angry at lack of input on islands' fate
- Biden says 'not confident' of peaceful US election
- US trade chief defends tariff hikes when paired with investment
- Lukaku stars as Napoli beat Como to hold Serie A top spot
- Ohtani set for MLB playoff debut as Dodgers face Padres
- Pogba's drug ban cut to 18 months from four years
- Devine leads New Zealand to big win over India in Women's T20 World Cup
- Bosnia floods kill 16 people
- EU court blocks French ban on vegetable 'steak' labelling
- Prosecutors seek dismissal of rape charges against French rugby players
- Meta AI turns pictures into videos with sound
- Bolivia's Morales says claims he raped a minor are a 'lie'
- MLB Reds hire two-time champion Francona as manager
- Daniel Maldini receives first Italy call-up for Nations League
- US dockworkers return to ports after three-day strike
Oil prices fall as tensions ease, stocks advance
Oil prices fell Tuesday on easing geopolitical concerns surrounding major crude producers Iran and Russia while stock markets mostly moved higher.
French President Emmanuel Macron said he had convinced Russia's Vladimir Putin not to escalate the crisis around Ukraine, ahead of talks in Kyiv aimed at defusing fears Moscow could invade.
At the same time, talks to revive a deal with Iran on its contested nuclear programme were set to resume Tuesday after Washington and Tehran signalled their willingness to clinch an agreement as soon as possible.
Edward Moya, analyst at trading group Oanda, said signs of progress in US-Iran nuclear talks -- which could see Tehran sell oil internationally again -- would likely not have much long-term impact on the crude price rally towards $100 per barrel.
"Energy traders locked in some profits over optimism that the US and Iran might be able to salvage a nuclear deal," he said.
"The oil market still remains heavily in deficit and whatever weakness happens to prices will likely be short-lived."
Surging oil prices -- Brent crude hit the highest level for more than seven years at $94 per barrel on Monday -- saw BP swing back into a big profit last year, the British energy giant announced.
The expected turnaround -- after huge losses in 2020 as the pandemic slammed oil prices -- saw BP's share price rise only modestly before turning lower.
The price of aluminium surged to the highest level in 14 years of $3,236 per tonne on stretched supplies after China placed the city of Baise -- a key producer of the base metal -- in Covid lockdown.
- Chips race -
In Asia, SoftBank announced that the $40-billion sale of chip powerhouse Arm to Nvidia had collapsed because of "significant regulatory challenges" over competition concerns.
The Japanese telecoms firm-turned-investment giant also reported net profit of $251 million in the third quarter.
In Europe, the EU unveiled a 43-billion-euro plan to quadruple the supply of semiconductors in the region by 2030, hoping to limit the bloc's dependence on Asia for a key component used in electric cars and smartphones.
Shares in leading European chipmaker STMicroelectronics rose, but those in Infineon fell.
On Wall Street, share prices were higher as investors await key US inflation data Thursday tipped to show more painful price rises in January after a four-decade high in December.
But sentiment was more muted in Europe, where stock markets in Frankfurt and Paris ended the day marginally higher, while London dipped.
Investors are bracing for central banks to raise interest rates to tame inflation, a move that could weigh down on the global economic recovery.
But Michael Hewson of CMC Markets said that "by and large markets and investors are getting used to the idea of higher rates from central banks."
- Key figures around 1630 GMT -
New York - Dow: UP 0.6 percent at 35,316.29 points
EURO STOXX 50: UP 0.2 percent at 4,127.09
London - FTSE 100: DOWN less than 0.1 percent at 7,567.07 (close)
Frankfurt - DAX: UP 0.2 percent at 15,241.61 (close)
Paris - CAC 40: UP 0.3 percent at 7,028.41 (close)
Tokyo - Nikkei 225: UP 0.1 percent at 27,284.52 (close)
Hong Kong - Hang Seng Index: DOWN 1.0 percent at 24,329.49 (close)
Shanghai - Composite: UP 0.7 percent at 3,452.63 (close)
Euro/dollar: DOWN at $1.1418 from $1.1440 late Monday
Pound/dollar: UP at $1.3553 from $1.3532
Euro/pound: DOWN at 84.26 pence from 84.51 pence
Dollar/yen: UP at 115.61 from 115.10 yen
Brent North Sea crude: DOWN 2.6 percent at $90.32 per barrel
West Texas Intermediate: DOWN 2.7 percent at $88.88 per barrel
burs-rl/spm
B.Godinho--PC