- 'Dark day': Victims mourned around the globe on Oct. 7 anniversary
- On attacks anniversary, Israel fights multi-front war
- Mexican mayor murdered days after taking office
- Intensifying to Category 5, Hurricane Milton targets Florida
- Mission to probe smashed asteroid launches despite hurricane
- Biden, Harris mark Oct. 7 with call for Mideast peace
- Dupont set for Toulouse return after post-Olympic holiday
- French rugby bosses tighten discipline after nightmare Argentina tour
- Oil prices extend gains on Mideast tensions, Wall Street slips
- Visitors to get rare view of Rome's Trevi Fountain
- Europe's asteroid mission Hera launches despite hurricane
- Man City and Premier League both claim victory in legal case
- Deschamps delight as 'light back on' for Pogba after doping ban
- Biden, Harris urge Mideast peace on Oct. 7 anniversary
- Neeskens, tough midfielder in Cruyff's Ajax and Dutch teams
- UN warns world's water cycle becoming ever more erratic
- Oil prices extend gains on Mideast tensions, Wall Street retreats
- Ex-Dutch football star Johan Neeskens dies
- Man Utd battling to improve fortunes, says Evans
- What is microRNA? Nobel-winning discovery explained
- Masood, Abdullah centuries lift Pakistan to 328-4 in first England Test
- Hurricane Milton strengthens fast, threatens Mexico, Florida
- Tunisia's President Saied set for landslide election win
- Barca hoping to return to Camp Nou 'by end of year'
- Trump to open second golf course at Scotland resort in summer 2025
- Super-sub Jhon Duran rewarded with new Aston Villa deal
- US duo win Nobel for gene regulation breakthrough
- Masood hits first ton for four years to power Pakistan to 233-1
- Fritz wins delayed match to reach Shanghai Masters third round
- Naomi Osaka pulls out of Japan Open with back injury
- Weather may delay launch of mission to study deflected asteroid
- China to flesh out economic stimulus plans after bumper rally
- Artist Marina Abramovic hopes first China show offers tech respite
- Asian markets track Wall St rally on US jobs data
- Pakistan 122-1 at lunch in first England Test
- Kazakhs approve plan for first nuclear power plant
- World marks anniversary of Oct. 7 attack on Israel
- 'Second family': tennis stars hunt winning formula with new coaches
- Philippines, South Korea agree to deepen maritime cooperation
- Mexico mayor murdered days after taking office
- Sardinia's sheep farmers battle bluetongue as climate warms
- Japan govt admits doctoring 'untidy' cabinet photo
- Israel marks first anniversary of Hamas's October 7 attack
- Darvish tames Ohtani as Padres thrash Dodgers
- Asian markets track Wall St rally on jobs data
- Family affair as LeBron, Bronny James make Lakers bow
- Cancer, cardiovascular drugs tipped for Nobel as prize week opens
- As Great Salt Lake dries, Utah Republicans pardon Trump climate skepticism
- Amazon activist warns of 'critical situation' ahead of UN forum
- Mourners pay tribute to latest victims of deadly Channel crossing
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Oil prices extend gains on Mideast tensions, Wall Street retreats
Oil markets rose further Monday as tensions escalated in the Middle East one year after the deadly Hamas attacks on Israel, while stock markets diverged.
Major indices in New York retreated from gains made on Friday following stronger-than-expected nonfarm jobs figures that signalled the strength of the world's largest economy.
The figures led to "a sharp re-evaluation in the market's forecasts for future Fed rate cuts", said David Morrison, senior market analyst at Trade Nation.
Wall Street wagers have since shifted to a quarter-point interest rate cut by the US Federal Reserve, rather than a repeat of the aggressive 50-basis point cut made last month.
US inflation data due later this week will be closely watched for further clues on the Fed's thinking heading into its next call over rates.
Concerns over Europe's biggest economy, Germany, weighed on Frankfurt's stock market, while London and Paris nudged higher in afternoon deals.
Official data showed Germany's industrial orders fell more than expected in August, adding to fears that the country will end the year in recession.
There were sizeable gains for the Tokyo and Hong Kong stock markets, with the former boosted by a softer yen supporting Japanese exporters.
Hong Kong extended a rally fuelled by China's plans to boost its growth, notably by supporting its battered property sector and thanks to interest-rate cuts.
Shanghai was closed for a holiday.
- 'Wild ride' -
Brent North Sea crude, the international benchmark oil contract, came close to surpassing $80 per barrel for the first time since late August.
Oil futures have experienced recent volatility, with Brent slumping under $70 last month on concerns about weak demand.
Israel on Monday marked the one-year anniversary of the October 7 attack, the deadliest in its history and one that sparked a devastating war in Gaza that has since expanded into Lebanon.
Israel is preparing its retaliation against Iran over its missile attack last week, raising fears of all-out regional war.
Beyond Middle East tensions, oil is also being supported by hopes of stronger Chinese demand after Beijing recently announced major stimulus measures to boost its flagging economy.
Offsetting price support is an expectation in the market that the OPEC+ group of oil producing nations could reverse output cuts, according to analysts.
"The oil market is on a wild ride, caught in a whirlwind of geopolitical tension, OPEC+ strategy shifts, and a slowdown from its biggest customer, China," noted independent analyst Stephen Innes.
- Key figures around 1400 GMT -
Brent North Sea Crude: UP 2.0 percent at $79.57 per barrel
West Texas Intermediate: UP 2.1 percent at $75.94 per barrel
New York - Dow: DOWN 0.2 percent at 42,263.41 points
New York - S&P 500: DOWN 0.3 percent at 5,732.62
New York - Nasdaq Composite: DOWN 0.5 percent at 18,044.68
London - FTSE 100: UP 0.4 percent at 8,309.57
Paris - CAC 40: UP 0.4 percent at 7,570.06
Frankfurt - DAX: DOWN 0.1 percent at 19,098.71
Tokyo - Nikkei 225: UP 1.8 percent at 39,332.74 (close)
Hong Kong - Hang Seng Index: UP 1.6 percent at 23,099.78 (close)
Shanghai - Composite: Closed for a holiday
Dollar/yen: DOWN at 147.96 from 148.64 yen on Friday
Pound/dollar: DOWN at $1.3076 from $1.3124
Euro/dollar: UP at $1.0983 from $1.0976
Euro/pound: UP at 84.01 pence from 83.62 pence
K.Thomson--BTB