- Defence 'geek' Ishiba becomes Japan PM in 'severe' security environment
- Anger meets tear gas as Nigeria hardship protests fizzle out
- Bayern's Kane returns to training before Aston Villa clash
- Award-winning Cambodian journalist arrested for 'incitement to cause chaos'
- Tunisia presidential candidate gets heavier jail term ahead of vote
- Evacuations from Lebanon: what we know
- Israel says launches Lebanon ground offensive, escalating conflict
- Feathers fly at Chanel's Paris fashion return
- Russian strike kills six as Ukraine marks defenders day
- Mariners stunned at home by Buriram in AFC Champions League Elite
- UAE oil giant ADNOC swoops on German chemicals firm Covestro
- Alcaraz downs Medvedev in straight sets to reach Beijing final
- Anger in Nepal over relief delays as flood toll hits 218
- Eurozone inflation falls under 2% for first time since 2021
- Jaiswal leads India to remarkable victory in rain-hit Bangladesh Test
- China Open history-maker Zhang nearly quit after long losing run
- Rutte dismisses Trump fears as he takes reins at NATO
- 'I pleaded guilty to journalism,' Wikileaks' Assange
- Bangladesh crumble for 146, India need 95 to sweep series
- Multiple deaths in school bus fire in Thailand: PM
- Coldplay ticket scalping fiasco sparks backlash in India
- Droughts drive Spanish boom in pistachio farming
- Frustrated French clubs turn away players in post-Olympics sports boom
- Defiant history-maker Zhang Shuai powers into Beijing last eight
- India police detain top activist after month-long climate march
- Matisse retrospective traces journey through artist's career
- Major League Eating: the sport of stuffing your face
- Sacred filth offers India's sex workers brief respect
- Bloomers and flats: Paris Fashion Week's big trends
- Rural schools empty in North Macedonia due to exodus
- Locals toil as experts toast Turkish wine renaissance
- Thousands evacuated as Super Typhoon Krathon approaches Taiwan
- Indian Kashmir votes in final round of regional polls
- Kenya airport whistleblower fears for his life
- Goff perfect as Lions claw Seahawks, Titans sink Dolphins
- Champions League can put Asian women's football on map, say players
- Vinicius taking control as holders Madrid face Lille
- Bologna living the dream with Champions League clash at Liverpool
- Tokyo recovers some losses as most Asian markets rise
- 'Teflon Mark' Rutte to stick to his guns as NATO chief
- Rutte takes reins at NATO as US vote looms
- Australia look to cement dominance in women's T20 World Cup
- Aston Villa target repeat of 1982 Champions League heroics against Bayern
- Rwandan ex-doctor goes on trial in France accused of genocide
- With bulging in-tray, Ishiba to become Japan PM
- Sheinbaum to take office as Mexico's first woman president
- Scientists fear underfunded Argentina research on verge of collapse
- Long-delayed cruise leaves Belfast after four months
- Baseball great Pete Rose dead at 83: US media
- Braves, Mets split double-header to seal wild card berths
RBGPF | 4.79% | 63.86 | $ | |
CMSC | -0.21% | 24.72 | $ | |
RIO | -0.66% | 70.7 | $ | |
CMSD | -1.21% | 24.78 | $ | |
RELX | -0.05% | 47.435 | $ | |
AZN | 0.12% | 78 | $ | |
GSK | -0.9% | 40.515 | $ | |
NGG | 0.42% | 69.962 | $ | |
RYCEF | 0.14% | 7.05 | $ | |
BCC | -0.36% | 140.98 | $ | |
JRI | 0.24% | 13.703 | $ | |
SCS | 2.52% | 13.49 | $ | |
VOD | -0.15% | 10.005 | $ | |
BCE | 0.03% | 34.81 | $ | |
BP | -0.26% | 31.31 | $ | |
BTI | -0.05% | 36.56 | $ |
European stocks diverge as eurozone inflation drops further
European stock markets traded mixed Tuesday as investors digested news of a further drop to eurozone inflation that firmed expectations of another interest-rate cut from the European Central Bank.
In Asia, Tokyo had led most stock markets higher as a weaker yen boosted Japanese exporters and helped traders recover some losses following a rout the previous session.
"An indecisive start for European equity markets has seen the region struggle for a definitive direction despite another upbeat session in Asia overnight," noted Joshua Mahony, chief market analyst at Scope Markets.
Despite the drop, "inflation remains sticky", he added.
The eurozone's annual inflation rate fell to its lowest level in three-and-a-half years in September, official data showed Tuesday, dropping below the European Central Bank's (ECB) two-percent target.
Year-on-year consumer price increases in the single currency area slowed to 1.8 percent in September, down from 2.2 percent in August, thanks to falling energy costs.
Core inflation, which strips out volatile energy, food, alcohol and tobacco prices and is a key indicator for the ECB, cooled slightly to 2.7 percent last month.
The leading eurozone stock markets diverged around midday, with Paris down 0.2 percent and Frankfurt up 0.3 percent.
Outside the eurozone, London gained 0.4 percent.
In Asia, Hong Kong and mainland Chinese bourses closed for a holiday after thundering higher over the past week on China's new economic stimulus.
Tokyo closed up almost two percent, paring some of Monday's nearly five-percent drop, as the yen pulled back against the dollar and gave beaten-down Japanese exporters some much needed relief.
Data showing Japanese business confidence remained positive in the third quarter also provided some support.
On Wall Street, the Dow and S&P 500 finished at fresh record-highs Monday, concluding a buoyant third quarter positively as Federal Reserve Chair Jerome Powell signalled expectations for more interest rate cuts.
Powell's remarks followed figures last week showing the Fed's preferred gauge of inflation slowed further in August, and ahead of key jobs figures out Friday that could determine how big the bank cuts at its next meeting.
"A somewhat weak headline jobs growth could propel markets to price in another 50-basis-point rate cut from the Fed in November," said Charu Chanana, head of foreign exchange strategy at Saxo Capital Markets.
- Key figures around 1030 GMT -
London - FTSE 100: UP 0.4 percent at 8,269.96 points
Paris - CAC 40: DOWN 0.2 percent at 7,624.72
Frankfurt - DAX: UP 0.3 percent at 19,378.47
Tokyo - Nikkei 225: UP 1.9 percent at 38,651.97 (close)
Hong Kong - Hang Seng Index: Closed for a holiday
Shanghai - Composite: Closed for a holiday
New York - Dow: UP less than 0.1 percent at 42,330.15 (close)
Euro/dollar: DOWN at $1.1096 from $1.1137 on Monday
Pound/dollar: DOWN at $1.3317 from $1.3374
Euro/pound: UP at 83.27 pence from 83.25 pence
Dollar/yen: UP at 143.68 yen from 143.63 yen
West Texas Intermediate: DOWN 0.7 percent at $67.69 per barrel
Brent North Sea Crude: DOWN 0.4 percent at $71.30 per barrel
E.Ramalho--PC