- All-round Ashwin powers India to big Test win over Bangladesh
- NZ chase 275 to win first Sri Lanka Test after Patel bags six
- Ashwin bags six wickets as India hammer Bangladesh in first Test
- Nascent French government under pressure on multiple fronts
- Angry French cognac makers see red over Chinese tariffs threat
- Protect the prosciutto: Italy battles swine fever
- UN holds 'Summit of the Future' to tackle global crises
- Marxist leader set to become Sri Lanka's next president
- From blades to pull-up bars: UK charity tackles knife crime
- Swiss vote on pensions and environment protections
- No pain, no gain: Chinese pro wrestlers fight for recognition
- UAE leader seeks to deepen 'strategic' ties in US visit during Mideast crisis
- Hezbollah takes heavy hits but still fighting Israel
- Floods, landslides hit central Japan months after major quake
- All Blacks coach Robertson demands better finishing
- Argentina edge South Africa to keep title hopes alive
- Biden says China 'testing us,' in hot mic remarks to Quad allies
- 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
European stock markets, oil, rebound
European equities staged a relief rally Tuesday, one day after tanking on fears over the Covid outbreak in China and rising interest rates in the United States.
Wall Street failed to follow through on Monday's gains, with the three major markets slipping lower ahead of Google-parent Alphabet and Microsoft reporting results.
The European single currency hit a two-year low against the dollar, which was boosted by its haven status amid Ukraine turmoil.
World oil prices rebounded from recent losses on fears over weaker Chinese demand.
- 'Relief rally' -
"European markets are enjoying a modest relief rally... after Monday's sharp sell-off, lifted by some positive momentum into the US close last night," said Victoria Scholar, investment head at Interactive Investor.
London's benchmark FTSE 100 index rose 0.7 percent overall in afternoon deals, though HSBC bank shares slid 4.5 percent on news of falling first-quarter profits.
Frankfurt and Paris also won 0.7 percent in afternoon trading.
Asian indices diverged as investors scrambled to recover from Monday's global rout, but fears lingered over China's Covid lockdowns and the US Federal Reserve's rate-hiking plan.
The Omicron flare-up across China has led authorities to impose strict containment measures in its biggest cities, shutting off millions of people and threatening to deal a hammer blow to the world's number two economy.
Hong Kong stocks edged up but made only a small dent in the massive losses suffered the day before, while Shanghai extended the previous day's losses of more than five percent.
Sentiment was soothed somewhat after the People's Bank of China vowed to boost growth and consumption.
China's Covid measures have dealt a severe blow to its economy, leading to concerns about knock-on effects for the rest of the world -- given its reliance on Chinese-made goods.
- 'Wait-and-see -
The China crisis comes as traders grapple with a hawkish Fed, which is struggling to control inflation that sits at a more than 40-year high.
US central bank policymakers have said they are keen to lift rates several times this year to get a grip on prices, with boss Jerome Powell indicating a half-point rise next month followed by more before January.
Added to the picture, the Ukraine war has sparked additional markets turmoil owing to the impact on commodity prices and inflation.
While Wall Street got a shot in the arm from Elon Musk's vast $44-billion (41-billion-euro) agreed purchase of Twitter on Monday, the momentum failed to carry through to Tuesday.
The Dow shed 0.8 percent at the open, with the S&P 500 and tech-heavy Nasdaq Composite also lower ahead of earnings from Google-owner Alphabet and Microsoft.
The dip "reflects a wait-and-see attitude in front of those reports and a wait-and-see perspective as to whether there will be any follow through on yesterday's rebound effort," said market analyst Patrick J. O'Hare at Briefing.com.
He said a failure by investors to react positively to data showing a rebound in March of orders of US durable goods was "another indication that market participants have their doubts about stronger economic activity persisting in the face of clear growth obstacles like hawkish-minded central banks and ongoing supply chain pressures that have been felt with China's lockdowns."
- Key figures at 1330 GMT -
London - FTSE 100: UP 0.7 percent at 7,428.56 points
Paris - CAC 40: UP 0.7 percent at 6,492.95
Frankfurt - DAX: UP 0.7 percent at 14,022.43
EURO STOXX 50: UP 0.5 percent at 3,777.63
New York - Dow: DOWN 0.8 percent at 33,777.46
Tokyo - Nikkei 225: UP 0.4 percent at 26,700.11 (close)
Hong Kong - Hang Seng Index: UP 0.3 percent at 19,934.71 (close)
Shanghai - Composite: DOWN 1.4 percent at 2,886.43 (close)
Brent North Sea crude: DOWN 0. percent at $102. per barrel
West Texas Intermediate: DOWN 0. percent at $98. per barrel
Euro/dollar: DOWN at $1.0678 from $1.0713 late on Monday
Pound/dollar: DOWN at $1.2675 from $1.2741
Euro/pound: UP at 84.26 pence from 84.08 pence
Dollar/yen: UP at 127.23 yen from 128.14 yen
burs-rl/ach
K.Thomson--BTB