- Canada to further cut international student, foreign worker permits
- YouTube launches new TV-focused tools for creators
- White Sox heading for worst season in MLB history
- China the top challenge in US history: senior diplomat
- Hong Kong democracy tycoon's son warns time running out
- New migraine drugs no better than cheap painkillers: big study
- Sean 'Diddy' Combs again denied bail in sex trafficking case
- Brewers clinch division title as MLB playoff race heats up
- Man City blunted by 'giant' Inter in Champions League stalemate
- US stocks dip despite larger Fed interest rate cut
- Man City held by Inter as PSG pinch win in Champions League
- All Blacks recall Beauden Barrett for Australia Test
- Fears of all-out war as new Lebanon device blasts kill 20, wound 450
- Spurs late show saves Postecoglou blushes at Coventry
- PSG snatch late goal to beat Champions League debutants Girona
- Gittens' late double gives Dortmund Champions League win at Brugge
- Man City blunted by Inter in Champions League stalemate
- Hidden talent: French Olympic star Marchand opts for disguise
- MrBeast named in California lawsuit over 'Beast Games' show
- Gauff splits with Gilbert as coach after 14-month run
- Hundreds of thousands at risk in Sudan's El-Fasher: UN
- Harvey Weinstein pleads not guilty to new sex crime charge
- Venezuelan opposition candidate says letter conceding election was coerced
- Ukraine official claims Russian advance in Kursk has been 'stopped'
- X update allows app to bypass Brazil ban: internet providers
- Fears of all-out war as new Lebanon device blasts kill 14, wound 450
- US Fed makes aggressive rate cut, weeks before election
- Arsenal's Odegaard faces lengthy injury absence
- India coal expansion risks massive methane growth: report
- China the top challenge in US history, top diplomat says
- US Fed makes larger half-point cut in first reduction since 2020
- Ronaldo's Al Nassr appoint former AC Milan boss Pioli
- Ainslie 'relieved' as British book place in Louis Vuitton Cup final
- Struggling Roma replace sacked icon De Rossi with Ivan Juric
- Women's NBA will add 15th team in Portland in 2026
- Brazil fires need harsher punishment: environmental police boss
- Boeing to start large temporary furloughs amid Seattle strike
- Fears of all-out war as new Lebanon device blasts kill nine, wound 300
- 'Emergency' declared over falling UK butterfly numbers
- McIlroy outlines threats to golf peace deal
- Stock markets, dollar slip before US rate decision
- Russian advance in Kursk 'stopped': Ukraine official to AFP
- UN members demand end to 'unlawful' Israeli occupation of Palestinian territories
- Snapchat pushes 'safer' platform image, but not everyone agrees
- Three dead, 100 wounded in new wave of Lebanon device explosions
- So where does the oceans' plastic waste come from?
- Allied war heroes buried in Netherlands... 80 years on
- Marsh coy over Australia's choice to open alongside Head
- New London sculpture pays tribute to trans community
- Lebanon doctors tell of horror after pager blasts
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European equities rebound as Fed meets
European stock markets rebounded Tuesday, shrugging off steep Asian losses on the eve of a Federal Reserve monetary policy decision and after tumbling the previous day on Ukraine tensions and US rate hike fears.
In late morning deals, Frankfurt equities won 0.9 percent, while London and Paris each gained 1.1 percent in value.
World oil prices also advanced strongly while the dollar strengthened ahead of this week's Fed rate call.
All attention is now on the Fed's two-day gathering that concludes Wednesday, with investors poring over every word from the bank's statement and boss Jerome Powell's subsequent news conference.
- Fears of new sell-off -
"Investors' hands are already shaking after the bloodbath in equity markets so far in 2022, so that any aggressive moves by the Fed could cause a further sell-off among global shares," said AJ Bell investment director Russ Mould.
"The central bank is fully aware it needs to act carefully, but equally it is unlikely to sit on hands given the inflationary pressures that need addressing."
After spending much of last year playing down the spike in prices, the US central bank has in recent months taken a sharp hawkish turn on monetary policy as officials look to bring inflation -- which is at a four-decade high -- under control.
Minutes from the most recent meeting indicate it will begin lifting interest rates from March with three or possibly four more hikes before the end of the year.
On top of that, it plans to start offloading its vast bond holdings.
But while the move to battle runaway prices is seen as crucial, the end of the era of ultra-cheap cash for investors has rattled markets after almost two years of uninterrupted gains to record or multi-month highs.
- 'Volatility prevails' -
Asian indices plunged Tuesday following a highly volatile day on Wall Street fuelled by fears about the Fed's plans, with eyes also on Ukraine.
"Volatility is likely to prevail for the moment," noted Interactive Investor analyst Richard Hunter.
Global equities were spooked Monday with London diving 2.6 percent while Frankfurt and Paris had each tumbled by almost four percent.
Wall Street stocks, however, staged a feverish comeback Monday after stumbling to multi-month lows.
Heightened concern about Russia's troop build-up on Ukraine's border has weighed on investor sentiment, alongside a disappointing start to the corporate earnings season.
Sentiment brightened somewhat Tuesday after Ericsson logged 2021 net profits, as the Swedish telecoms giant makes headway in 5G services.
London investors also digested news of 1,500 job cuts at British consumer goods giant Unilever, whose share price nudged lower.
The announcement comes after Unilever failed with a £50-billion ($68-billion) takeover bid for the consumer health care unit owned by pharmaceutical groups GlaxoSmithKline and Pfizer.
- Key figures around 1050 GMT -
London - FTSE 100: UP 1.1 percent at 7,378.88 points
Paris - CAC 40: UP 1.1 percent at 6,864.20
Frankfurt - DAX: UP 0.9 percent at 15,143.80
EURO STOXX 50: UP 1.1 percent at 4,096.36
Tokyo - Nikkei 225: DOWN 1.7 percent at 27,131.34 (close)
Hong Kong - Hang Seng Index: DOWN 1.7 percent at 24,243.61 (close)
Shanghai - Composite: DOWN 2.6 percent at 3,433.06 (close)
New York - Dow: UP 0.3 percent at 34,364.50 (close)
Euro/dollar: DOWN at $1.1286 from $1.1326 late Monday
Pound/dollar: DOWN at $1.3480 from $1.3488
Euro/pound: DOWN at 83.72 pence from 83.97 pence
Dollar/yen: UP at 114.07 yen from 113.95 yen
Brent North Sea crude: UP 1.3 percent at $87.37 per barrel
West Texas Intermediate: UP 1.2 percent at $84.30 per barrel
burs-rfj/imm
F.Müller--BTB