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Trump says 'very close to a deal' on TikTok
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Trump tariffs on Mexico: the good, the bad, the unknown
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Postecoglou denies taunting Spurs fans in Chelsea defeat
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Oscar-winning Palestinian director speaks at UN on Israeli settlements
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With tariff war, Trump also reshapes how US treats allies
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Fernandez fires Chelsea into fourth as pressure mounts on Postecoglou
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South Korea court to decide impeached president's fate
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Penguin memes take flight after Trump tariffs remote island
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E.T., no home: Original model of movie alien doesn't sell at auction
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Italy's Brignone has surgery on broken leg with Winter Olympics looming
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City officials vote to repair roof on home of MLB Rays
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Rockets forward Brooks gets one-game NBA ban for technicals
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Pentagon watchdog to probe defense chief over Signal chat row
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US tariffs could push up inflation, slow growth: Fed official
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New Bruce Springsteen music set for June 27 release
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Tom Cruise pays tribute to Val Kilmer
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Zuckerberg repeats Trump visits in bid to settle antitrust case
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US fencer disqualified for not facing transgender rival
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'Everyone worried' by Trump tariffs in France's champagne region
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Iyer blitz powers Kolkata to big IPL win over Hyderabad
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Russian soprano Netrebko to return to London's Royal Opera House
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French creche worker gets 25 years for killing baby with drain cleaner
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UK avoids worst US tariffs post-Brexit, but no celebrations
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Canada imposing 25% tariff on some US auto imports
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Ruud wants 'fair share' of Grand Slam revenue for players
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Lesotho, Africa's 'kingdom in the sky' jolted by Trump
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Trump's trade math baffles economists
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Gaza heritage and destruction on display in Paris
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'Unprecedented crisis' in Africa healthcare: report
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Pogacar gunning for blood and thunder in Tour of Flanders
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Macron calls for suspension of investment in US until tariffs clarified
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Wall St leads rout as world reels from Trump tariffs
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Mullins gets perfect National boost with remarkable four-timer
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Trump tariffs hammer global stocks, dollar and oil
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Authors hold London protest against Meta for 'stealing' work to train AI
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Tate Modern gifted 'extraordinary' work by US artist Joan Mitchell
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Mexico president welcomes being left off Trump's new tariffs list
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Tonali eager to lead Newcastle back into Champions League
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Lesotho hardest hit as new US tariffs rattle Africa
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Stellantis pausing some Canada, Mexico production over Trump auto tariffs
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Rising odds asteroid that briefly threatened Earth will hit Moon
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Italy reels from Brignone broken leg with Winter Olympics looming
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Is the Switch 2 worth the price? Reviews are mixed
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Civilians act to bring aid to Myanmar earthquake victims
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US trade gap narrows in February ahead of bulk of Trump tariffs
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Stocks, dollar and oil sink as gold hits high on Trump tariffs
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Arsenal defender Gabriel out for rest of the season
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Trump says US to emerge 'stronger' as markets tumble over tariffs
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Wiegman says Belgium games can aid England's women's Euros title defence
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Prosecutors demand jail term for Ancelotti for tax fraud

US, European markets mostly rise as Trump tariff plans in question
US and European markets mostly rose Monday following a report -- strongly denied by US President-elect Donald Trump -- that his incoming administration was mulling applying tariffs more selectively than he had previously suggested.
While the Dow fell on Wall Street, both the S&P 500 and the Nasdaq Composite closed higher, as investors plowed money into the semiconductor sector following strong results from Taiwan-based Foxconn.
The rally helped spur chip designer Nvidia to a fresh record, giving the company a market valuation of more than $3.6 trillion.
And shares of the streaming company Fubo surged by more than 251 percent after Disney announced it would be merging Fubo with the Hulu+ Live TV service. Disney's shares closed down 0.1 percent.
- Less painful tariffs? -
Traders were also digesting a report in the Washington Post that Trump's aides are weighing plans to only apply tariffs to goods in certain critical sectors -- a more narrow definition than the president-elect previously proposed.
Wall Street initially soared after Trump's election victory on expectations of tax cuts and deregulation, but concerns about his tariff plans soon caught up with traders, raising concerns about their potential impact on inflation, interest rates, and economic growth.
Trump hit back strongly against the report in a post to his Truth Social account on Monday.
The story, he said, "incorrectly states that my tariff policy will be pared back. That is wrong."
"The Washington Post knows it's wrong. It's just another example of Fake News," he added.
- Luxury gains -
In Europe, Paris rose more than two percent thanks to gains in luxury stocks.
"A Birkin bag, a bottle of Moet and Gucci shoes are hardly critical imports, which is why the luxury sector is having a strong reaction to this news," said Kathleen Brooks, research director at the XTB trading platform.
Beyond tariffs, there were also other factors driving sentiment in the markets.
Briefing.com analyst Patrick O'Hare said there was "tax policy enthusiasm" as Trump pushes for the passage of legislation that would extend tax cuts from his first term in office.
The US dollar was broadly weaker on hopes of a more limited US tariff policy; it also dropped 0.5 percent against its Canadian counterpart after Canada's Prime Minister Justin Trudeau announced he would step down as the leader of his political party.
Trudeau's popularity has waned in recent months, with his government narrowly surviving a series of no-confidence votes and critics calling for his resignation.
He faced further pressure from Trump, who has threatened a 25-percent tariff on Canadian goods after he takes office on January 20.
In Asia, the Seoul stock market rose 1.9 percent Monday despite the ongoing political uncertainty, while Tokyo retreated, with Nippon Steel taking a hit after departing US President Joe Biden blocked its proposed $14.9 billion purchase of US Steel.
- Key figures around 2200 GMT -
New York - Dow: DOWN 0.1 percent at 42,706.56 points (close)
New York - S&P 500: UP 0.6 percent at 5,975.38 (close)
New York - Nasdaq Composite: UP 1.2 percent at 19,864.98 (close)
London - FTSE 100: UP 0.3 percent at 8,249.66 (close)
Paris - CAC 40: UP 2.2 percent at 7,445.69 (close)
Frankfurt - DAX: UP 1.6 percent at 20,216.19 (close)
Tokyo - Nikkei 225: DOWN 1.5 percent at 39,307.05 (close)
Hong Kong - Hang Seng Index: DOWN 0.4 percent at 19,688.29 (close)
Shanghai - Composite: DOWN 0.1 percent at 3,206.92 (close)
Euro/dollar: UP at $1.0388 from $1.0307 on Friday
Pound/dollar: UP at $1.2518 from $1.2423
Dollar/yen: UP at 157.64 yen from 157.33 yen
Euro/pound: UP at 82.98 pence from 82.95 pence
West Texas Intermediate: DOWN 0.5 percent at $73.56 per barrel
Brent North Sea Crude: DOWN 0.3 percent at $76.30 per barrel
burs-rl-da/aha
A.Magalhes--PC