- 'Business as usual' for Australia match-winner Carey amid boos
- Israeli jets pound Lebanon after deadly Beirut strike
- Ten Hag bemoans Man Utd's lack of killer instinct in Palace stalemate
- France's Macron appoints new government in shift to right
- Cheika proud of Leicester grit after winning start as boss
- Profligate Man Utd pay price in 0-0 draw at Palace
- Kane, Olise run riot as Bayern thump Bremen
- Diaz fires Liverpool top of Premier League, Man Utd held at Palace
- LIV champion Rahm out of LIV Team semis with severe flu
- Slot surprised by tearful Nunez's moment of magic
- Title rivals Norris, Verstappen on 'cool' front row for Singapore GP
- Biden talks China with 'Quad' leaders in hometown summit
- Juve and Napoli play out goalless draw in early Serie A title tussle
- Alcaraz fears tennis tour grind will 'kill us'
- Carey sparks recovery as Australia thrash England in 2nd ODI
- Leclerc, Sainz lament 'disappointing' Saturday in Singapore
- Bottega Veneta holds investors' aces as Madonna pops into D&G
- Beirut digs for victims at building flattened in Israeli strike
- Verstappen stages protest over 'ridiculous' swearing punishment
- Bayern boss Kompany lauds 'special talent' Olise
- Diaz fires Liverpool top of Premier League, Spurs bounce back
- Heavy fire over Israel-Lebanon border after deadly Beirut strike
- Ramos guides unbeaten Toulouse to Montpellier win despite Hogg scuffle
- Myanmar flood death toll jumps to 384
- Chelsea owners 'happy' with win at West Ham amid rift report
- Kane and Olise run riot as Bayern thump Bremen
- Ramos guides unbeaten Toulouse to Montpellier win
- Norris pips Verstappen to dramatic Singapore pole after Sainz crash
- Carey takes Australia to 270 in 2nd ODI against England after collapse
- Two Hezbollah leaders killed in Israel's Beirut strike
- Hungary Danube waters reach decade high after Storm Boris
- Bagnaia cuts Martin's MotoGP lead with Emilia-Romagna sprint win
- Jackson double fires Chelsea to victory at woeful West Ham
- Fiji beat Japan to lift Pacific Nations Cup
- Kasatkina to face Haddad Maia in Korea Open final
- S.Africa snowfall closes roads, strands motorists overnight
- Lawyers of women alleging Al-Fayed sex abuse receive over 150 new enquiries
- President Museveni's son backs Ugandan strongman for 7th term
- Norris quickest as Verstappen bounces back in Singapore practice
- Wallabies lament All Blacks' fast start
- Germany's Oktoberfest opens under tight security after attacks
- Environmental protesters block French cruise liner port
- Hezbollah in disarray after Israeli strike kills top commanders
- No place like home: Biden hosts 'Quad' leaders
- One dead, 7 missing as heavy rains trigger floods in central Japan
- Zelensky says no UK, US go-ahead to use long-range missiles
- New Zealand edge Australia 31-28 in Bledisloe Cup thriller
- Japan orders evacuations as heavy rains trigger floods in quake-hit area
- New Zealand pilot freed in Indonesia after 19 months in rebel captivity
- Hezbollah in disarray after Israeli air strike kills top commanders
Stocks, oil rise as inflation soars
Stock markets mostly rose and oil prices climbed Wednesday as investors pored over data showing further spikes to inflation.
A day after data showed US annual consumer inflation hit a 40-year high in March, information showed wholesale price inflation hit a record annual rate of 11.2 percent over the same period.
Meanwhile in Britain, data showed that UK prices had jumped at the fastest pace in three decades in March.
Global inflation, already rocketing on supply constraints as economies look to fully reopen following pandemic lockdowns, is rising further on fallout from the Ukraine war.
Analysts said markets had welcomed an indication that US inflation was approaching its peak, though it has raised expectations that the Federal Reserve will take more aggressive action to contain prices.
Wall Street stocks rose across the board, with the Dow rising 0.6 percent.
In Europe, London and Paris ended the day barely in positive territory, while Frankfurt dipped.
The gains on Wall Street also came despite a lacklustre start to the corporate earnings season, as JPMorgan Chase saw its first-quarter net profit plunge by 40 percent as it set $900 million aside to deal with potential losses due to the Ukraine conflict and inflation.
It already booked $524 million in losses as it sought to lower its exposure to soaring commodities prices and Russian counterparties.
Shares in JPMorgan Chase fell 2.5 percent.
Meanwhile, Delta Air Lines beat expectations even if it still lost money. It said it expected second-quarter revenue to come in at 97 percent of the pre-pandemic level in 2019.
Its shares rose 4.6 percent.
- Oil rises -
Elsewhere Wednesday, oil prices climbed further in a volatile trading week.
"Having rebounded strongly yesterday, oil prices are showing little sign of softening after Russian President Vladimir Putin said that peace talks with Ukraine were a 'dead-end situation'," said market analyst Michael Hewson at CMC Markets UK.
Russia is a major producer of oil and gas and the war has triggered fears of supply constraints.
"On the other hand, further gains in prices could be constrained after the IEA downgraded its global demand forecasts for this year due to the imposition of extended new lockdowns in China," Hewson added.
The International Energy Agency also said that Russian oil supply is expected to continue to fall in April by 1.5 million barrels per day.
In currency trading Wednesday, the yen hit its lowest level against the dollar in two decades, extending recent falls as the gap widens between Japan's ultra-loose monetary policy and Fed tightening.
Despite being traditionally considered a haven currency, uncertainty fuelled by the war in Ukraine has not caused the yen to strengthen.
Instead, the Fed's move towards a more aggressive rate-tightening policy and the shock of rising oil prices in Japan -- a major importer of fossil fuels -- have pushed the currency lower, analysts said.
- Key figures around 1530 GMT -
New York - Dow: UP 0.6 percent at 34,408.95 points
EURO STOXX 50: DOWN 0.2 percent at 3,824.23
London - FTSE 100: UP less than 0.1 percent at 7,580.80 (close)
Paris - CAC 40: UP less than 0.1 percent at 6,542.14 (close)
Frankfurt - DAX: DOWN 0.3 percent at 14,076.44 (close)
Tokyo - Nikkei 225: UP 1.9 percent at 26,843.49 (close)
Hong Kong - Hang Seng Index: UP 0.3 percent at 21,374.37 (close)
Shanghai - Composite: DOWN 0.8 percent at 3,186.82 (close)
Brent North Sea crude: UP 2.6 percent at $107.32 per barrel
West Texas Intermediate: UP 2.2 percent at $102.85 per barrel
Euro/dollar: UP at $1.0854 from $1.0818
Pound/dollar: UP at $1.3050 from $1.2977
Euro/pound: DOWN at 83.22 pence from 83.36 pence
Dollar/yen: DOWN at 125.74 from 126.22 yen
burs-rl/jj
I.Meyer--BTB