- Japan's core inflation rate slows in September
- Israel PM says killing of Hamas chief 'beginning of the end' of Gaza war
- King Charles set to arrive in Australia for landmark tour
- Nadal defeated by 'animal' Alcaraz in Saudi Arabia as career nears end
- US Supreme Court denies stay of execution to Texas man in 'shaken baby' case
- US charges Indian agent over alleged plot to kill Sikh separatist
- Musk stumps for Trump in key US swing state
- TikTok, Facebook approve ads with US election disinformation, study says
- Purdy and 49ers face Chiefs in Super Bowl rematch
- Kenya deputy president ousted in historic impeachment
- Israel military says Sinwar killed in firefight while tracked by drone
- One Direction members 'devastated' by Liam Payne's death
- Norris shrugs off Red Bull 'trick' of the trade at US Grand Prix
- Global stocks climb as ECB cuts rates and tech rebounds
- Chelsea, Lyon ease to wins in Women's Champions League
- China expected to post slowing growth as economic woes drag
- Yamasaki brings keirin world title home as Japan takes two track golds
- Netflix adds millions of subscribers but growth slows
- 'Deeply misguided' to wall US off with tariffs: Yellen
- Biden farewell visit to Berlin focused on Ukraine, Mideast wars
- EU leaders urge new laws to speed up migrant returns
- Sinwar killing a blow to Hamas but impact on war uncertain
- Mitzi Gaynor, star of 'South Pacific,' dies aged 93
- Trump says Zelensky 'should never have let' Ukraine war start
- Harris woos undecided voters as Trump riles critics over Ukraine
- Hayes turns focus to US women's World Cup goal
- Zelensky seeks EU, NATO backing for 'victory plan'
- Bosch stuns Australia as South Africa reach Women's T20 World Cup final
- What we know about One Direction star Liam Payne's death
- Nicotine pouches rise in popularity as US youth tobacco use hits 25-year-low
- Mendis clinches Sri Lanka series win over West Indies
- Israel says killed Hamas chief Sinwar in Gaza
- Panel urges Secret Service shake-up after Trump assassination bid
- Trump, Harris back on friendly ground after tough interrogations
- Pressure on Ten Hag is 'too much': Brentford boss Frank
- Hamas chief Yahya Sinwar: Israel's most wanted man
- ECB bans transgender women from women's professional cricket
- Monaco aiming to last in Ligue 1 title fight with PSG
- Kenya deputy president impeachment trial in chaos after he falls ill
- English coaches 'capable' of managing national team, says Southampton boss
- Wales scrum-half Gareth Davies retires from international rugby
- Real Madrid fans dismiss 'fake' Mbappe rape reports
- IMF chief calls for unity on shared challenges in 'deeply troubled times'
- Australia post 134-5 in semi-final of women's T20 World Cup
- Tech giants go nuclear in AI arms race
- 1,100 mpox deaths recorded across Africa: CDC
- UK's National Gallery bans liquids after activist art attacks
- Onboard wifi is latest frontline in airline competition
- Instagram moves to face rising tide of sextortion scams
- Tributes to One Direction's Liam Payne after hotel balcony fall
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Global stocks climb as ECB cuts rates and tech rebounds
European and US stock markets mainly rose Thursday as the European Central Bank cut interest rates and results from key chip maker TSMC calmed fears that the tech sector was struggling.
Wall Street indices were mixed on a day of renewed interest in chipmakers and designers like Nvidia.
Traders were also digesting fresh data published Thursday showing a rise in retail sales last month, and another interest rate cut from the European Central Bank (ECB).
Mill Street Research chief strategist Sam Burns told AFP that the positive economic news in the US, and the rate cut in Europe, had helped stocks to return to near all-time highs.
"Earnings reports so far have been pretty good and there doesn't seem to be too much concern, at least so far, about the election and things like that," he said.
- Eurozone higher -
All the major eurozone exchanges closed higher, pulling London up with them, after the ECB cut its main interest rate a quarter percentage-point and expressed confidence that inflation is coming under control.
"Overall, the ECB's decision is positive news for investors," said Jochen Stanzl, chief analyst at CMC Markets. "Investors now find themselves in a broadly positive environment, with the ECB supporting the bullish mood rather than obstructing it."
The ECB's decision was widely expected. But its announcement that it believes inflation is coming under control and that eurozone economic activity is slackening suggested further cuts were likely, according to analysts.
"We think the data will support 25 basis point rate cuts at each of the next few meetings, at the very least," said Jack Allen-Reynolds, deputy eurozone economist at Capital Economics.
Earlier Thursday, eurozone inflation for September was revised down to 1.7 percent from 1.8 percent, placing it well below the ECB's two-percent target. A weak economy has also added pressure on the ECB to cut borrowing costs.
The euro slid against the dollar, while gold hit a new record high.
Earlier in the day, Hong Kong and Shanghai stock markets closed down, with property stocks tumbling after traders were left disappointed by fresh measures from China's housing minister to ease a real estate crisis.
China, the world's number-two economy, has struggled to recover since lifting strict Covid controls at the end of 2022, battered by a debt crisis in the property sector and torpid consumer demand.
Oil prices inched higher after slumping in recent days.
- Key figures around 2045 GMT -
New York - Dow: UP 0.4 percent at 43,239.05 points (close)
New York - S&P 500: DOWN less than 0.1 percent at 5,841.47 (close)
New York - Nasdaq Composite: UP less than 0.1 percent at 18,373.61 (close)
Paris - CAC 40: UP 1.2 percent at 7,583.73 (close)
Frankfurt - DAX: UP 0.8 percent at 19,583.39 (close)
London - FTSE 100: UP 0.7 at 8,385.13 points (close)
Tokyo - Nikkei 225: DOWN 0.7 percent at 38,911.19 (close)
Hong Kong - Hang Seng Index: DOWN 1.0 percent at 20,079.10 (close)
Shanghai - Composite: DOWN 1.1 percent at 3,169.38 (close)
Euro/dollar: DOWN at $1.0830 from $1.0859 on Wednesday
Pound/dollar: UP at $1.3013 from $1.2986
Dollar/yen: UP at 150.23 yen from 149.63 yen
Euro/pound: DOWN at 83.22 pence from 83.62 pence
West Texas Intermediate: UP 0.4 percent at $70.67 per barrel
Brent North Sea Crude: UP 0.3 percent at $74.45 per barrel
G.Schulte--BTB