- New York area port prepares for possible US strike disruption
- Rodri 'irreplaceable' but Guardiola confident Man City will still compete
- Brook 'relieved' as maiden ODI hundred sets up first win as England captain
- Dior's arrows and Amazons as Saint Laurent revives its master
- Mbappe strikes again as Madrid hold off Alaves
- Nkunku hits Chelsea hat-trick, Man City edge into League Cup last 16
- Amnesty calls for commission to probe Kenya protest deaths
- Bolivian government rejects Morales ultimatum for cabinet reshuffle
- US Congress calls on Novo Nordisk to lower drug prices
- Stock markets advance on China stimulus
- Russia 'can only be forced into peace," Zelensky tells UN
- Hundred hero Brook keeps England alive in Australia ODI series
- Biden pleads for democracy in final UN address
- Brook's hundred sees England beat Australia in 3rd ODI
- Alarm grows as Israel and Hezbollah exchange intense fire
- NFL legend Favre reveals Parkinson's diagnosis
- Biden urges world to 'stop arming generals' in Sudan
- Defying experts, Trump vows tariff-driven US economic boom
- Stokes open to England white-ball return
- No peak oil demand 'on the horizon', phaseout a 'fantasy': OPEC
- Sri Lanka's new leftist leader dissolves parliament, calls snap polls
- England scrum-half Mitchell to see specialist on neck injury
- Under-pressure Masood to lead Pakistan in England Tests
- Storm Helene on track to hit Florida as major hurricane
- IOC should reinstate Russia as soon it obeys rules: Samaranch
- Dior unleashes arrows and Amazons at Paris Fashion Week
- San Siro loses 2027 Champions League final due to uncertain future
- Canada's Trudeau faces no-confidence vote
- AI research uncovers 300 ancient etchings in Peru's Nazca desert
- Brazil's Lula calls Security Council makeup 'unacceptable'
- Alarm grows as Israel launches new 'extensive' strikes on Lebanon
- Carey blasts Australia to 304-7 against England in 3rd ODI
- Biden warns against clinging to power in UN farewell
- Alarm grows as Israel launches new strikes on Lebanon
- Biden warns at UN against 'full-scale war' over Lebanon
- 'Monumental step' as Thai king signs same-sex marriage into law
- French lake still riddled with bombs 80 years after World War II
- Alberta Ferretti quits as creative director at brand she founded
- Two killed in Mexico as Hurricane John weakens to tropical storm
- Multiple arrests after US woman uses machine-assisted suicide in Switzerland
- Dubois will next fight Joshua or Usyk, 'whoever pays me the most'
- Stock markets surge on China stimulus
- Lopetegui ready to learn from mistakes as Liverpool loom in League Cup
- US Fed dissenter warns inflation risks remain 'prominent'
- UN chief warns Lebanon on 'brink' as world leaders gather
- Surprise start for Libbok as Etzebeth set for Springboks record
- Ten Hag says expanded schedules make injuries 'almost unavoidable'
- Liverpool boss Slot praises Alexander-Arnold's defensive work
- Barca coach backs Pena but will debate new goalkeeper signing
- UN says tens of thousands flee Lebanon strikes
Eurozone stocks wobble, euro hits 5-year dollar low
Eurozone stocks wobbled and the euro struck a five-year low against the dollar on Wednesday as worries over gas supplies ratcheted higher.
Meanwhile, Wall Street recovered from sharp losses the previous day over worries about the impact of expected interest rate hikes on tech stocks as more firms reported earnings.
Oil prices fell on concerns about Covid-19 lockdowns in China hitting demand despite worries about Russian supplies.
Russia's energy giant Gazprom said Wednesday it had stopped gas supplies to Bulgaria and Poland, and has threatened to do the same to other countries which refuse to pay in rubles, which would violate EU sanctions imposed over the war in Ukraine.
Europe's reference gas price, Dutch TTF, bounded higher but remained well below levels hit last month.
"We're seeing a little bit of positivity back in the markets on Wednesday but there's still plenty of underlying unease amid a mixed bag of earnings and rising uncertainty," said market analyst Craig Erlam at OANDA.
He said Russian threats to cut off gas were a clear reason why and that they could play havoc with energy prices and act as a headwind on the European economy and stocks.
"The weaponisation of gas was long seen as an unlikely last resort but now the Kremlin has got the ball rolling, the risk has become significantly greater which could pose a massive economic threat to the EU," said Erlam.
Paris and Frankfurt stocks both dipped into the red in afternoon trading, but finished with modest gains.
Meanwhile, the euro dropped under $1.06, sinking as low as $1.0515, to record its lowest level since January 2017.
Markets.com analyst Neil Wilson said the "market clearly believes the Fed is going to town on rate hikes and the ECB is going to sit on its hands and do nothing".
On Wall Street, all three main indices were solidly higher even if they had clawed back only a fraction of Tuesday's losses.
Tech firms, who rely on debt to drive growth, led the Tuesday plunge on fears that the Federal Reserve is at the beginning of a period of sharp interest-rate increases aimed at taming scorching inflation, with the Nasdaq Composite tumbling four percent.
The downbeat mood over the economy has been compounded by weak earnings from some of the world's biggest companies.
"US markets have seen a modest rebound in early trade as investors pause for breath and look ahead to the latest numbers from Meta later today, and Amazon and Apple tomorrow," said Michael Hewson at CMC Markets UK.
Asian stock markets earlier closed lower but suffered losses less sharp than seen Tuesday on Wall Street.
In contrast however, Shanghai bounced on Wednesday following a report that Chinese President Xi Jinping had committed to boosting infrastructure construction as a means of accelerating the economy.
The comments were the latest from China's top brass, which has made a series of promises in recent weeks to kickstart growth.
However, analysts say this has been offset by the leaders' refusal to back away from their strict Covid lockdown strategy.
Oil prices -- under pressure recently owing to worries about weaker Chinese demand -- fell again back towards $100 per barrel.
- Key figures at 1530 GMT -
New York - Dow: UP 0.9 percent at 33,529.98 points
EURO STOXX 50: UP 1.0 percent at 3,668.35
London - FTSE 100: UP 0.5 percent at 7,425.61 (close)
Paris - CAC 40: UP 0.5 percent at 6,445.26 (close)
Frankfurt - DAX: UP 0.3 percent at 13,793.94 (close)
Tokyo - Nikkei 225: DOWN 1.2 percent at 26,386.63 (close)
Hong Kong - Hang Seng Index: UP 0.1 percent at 19,946.36 (close)
Shanghai - Composite: UP 2.5 percent at 2,958.28 (close)
Brent North Sea crude: DOWN 0.7 percent at $103.82 per barrel
West Texas Intermediate: DOWN 1.1 percent at $100.59 per barrel
Euro/dollar: DOWN at $1.0550 from $1.0636 late Tuesday
Pound/dollar: UP at $1.2527 from $1.2576
Euro/pound: DOWN at 84.20 pence from 84.55 pence
Dollar/yen: UP at 128.54 yen from 127.21 yen
burs-rl/har
K.Thomson--BTB