- Dubois destroys Joshua to retain IBF world heavyweight crown
- Guardiola says critics want Man City wiped 'from face of the Earth'
- Biden says 'Quad' is 'here to stay' despite challenges
- Dubois knocks out Joshua to retain IBF world heavyweight crown
- Vinicius helps 'faster' Madrid overturn stubborn Espanyol
- Zelensky to press US on long-range missile strikes inside Russia
- PSG drop first points in draw at Reims
- Vinicius, Mbappe on target as Madrid crush plucky Espanyol
- Jeeno leads Ko by two at LPGA Queen City Championship
- Bottega Veneta goes for 'E.T.' chic as Madonna pops into D&G
- Messi, Miami frustrated by New York late leveler
- Musk's X platform takes first step toward lifting Brazil ban
- '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
Global stocks mostly up despite another historic inflation report
Stock markets mostly rose and oil prices climbed Wednesday as investors pored over data showing further spikes to inflation.
A day after a report showed US annual consumer inflation in March hit the highest since December 1981, another release showed wholesale price inflation hit a record annual rate of 11.2 percent.
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.
Still, Wall Street enjoyed a buoyant session, with the broad-based S&P 500 piling on 1.1 percent.
Chris Low of FHN Financial said investors want to balance their portfolios after selling off shares in anticipation of the worrisome inflation data.
"People were short going into the week, but they don't want to be short for the holiday weekend," Low said.
US markets will be closed on Friday for Good Friday.
In Europe, London and Paris ended the day barely in positive territory, while Frankfurt dipped.
The gains on Wall Street also came despite a lackluster start to the corporate earnings season, as JPMorgan Chase saw its first-quarter net profit plunge by more than 40 percent as it set $900 million aside to deal with potential losses due to the Ukraine conflict and inflation.
Shares in JPMorgan Chase fell 3.2 percent.
Meanwhile, Delta Air Lines surged 6.2 percent as it reported a quarterly loss of $940 million, but said healthy consumer demand was translating into strong enough pricing to offset spiking fuel costs
- Oil rises -
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.
In currency trading, 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 fueled 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 2100 GMT -
New York - Dow: UP 1.0 percent at 34,564.59 (close)
New York - S&P 500: UP 1.1 percent at 4,446.59 (close)
New York - Nasdaq: UP 2.0 percent at 13,643.59 (close)
London - FTSE 100: UP 0.1 percent at 7,580.80 (close)
Paris - CAC 40: UP 0.1 percent at 6,542.14 (close)
Frankfurt - DAX: DOWN 0.3 percent at 14,076.44 (close)
EURO STOXX 50: DOWN 0.1 percent at 3,827.96 (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 4.0 percent at $108.78 per barrel
West Texas Intermediate: UP 3.6 percent at $104.25 per barrel
Euro/dollar: UP at $1.0894 from $1.0828
Pound/dollar: UP at $1.3109 from $1.3001
Euro/pound: DOWN at 83.03 pence from 83.29 pence
Dollar/yen: UP at 125.59 from 125.38 yen
burs-jmb
O.Bulka--BTB