- First artwork by humanoid robot sells for $1.3m
- Power partly restored in Cuba after Hurricane Rafael
- NBA Lakers assign Bronny James to G-League squad
- Galatasaray down Spurs in Europa League, Man United end wait for win
- Dodgers pitcher Kershaw aims to be 'good as can be' after surgeries
- Global stocks mostly rise as Fed, Bank of England cut rates
- US Fed makes quarter point cut as Powell insists he would not quit
- Biden vows peaceful White House handover, Trump eyes Putin talks
- One Direction star took cocaine, alcohol, antidepressant before death
- F-15 fighters arrive in Middle East: US military
- Zelensky says 'unacceptable' to offer Russia concessions on Ukraine
- Undocumented immigrants in US 'terrified' as Trump returns
- US Fed chair says will not leave early if asked by Trump
- US town on alert after 43 monkeys escape research facility
- Thousands told to flee wildfire near Los Angeles
- Who will staff Trump's government? A look at top contenders
- MLS Union dump Curtin as head coach
- Galatasaray down Spurs to go top in Europa League
- George says England can still be rugby winners without Jones
- Emotions high as All Blacks eye top ranked Ireland's crown
- NATO warns of N. Korea threat in pitch to Trump on Ukraine
- US Fed cuts interest rates a quarter point after Trump victory
- What will Trump 2.0 mean for US tech?
- F1 drivers blast FIA chief's 'tone and language' in swearing row
- Unbeaten NFL Chiefs try to match best-ever start by downing Denver
- After Trump win, Orban basks in hosting European leaders
- Lights still out in Cuba after Hurricane Rafael
- Swiatek eliminated from WTA Finals, Krejcikova into semis
- Zelensky says 'unacceptable' to offer Putin concessions on Ukraine
- Mexico president says had 'very cordial' call with Trump
- World number two Swiatek eliminated from WTA Finals group stage
- Biden urges Americans to 'bring down temperature' after Trump win
- Diplomatic incident in French-owned Jerusalem church compound
- Submerged cemeteries pile pain on Spain flood survivors
- Equities rise as traders weigh Trump 2.0, rate cut prospects
- Dutch extradite mother of premature baby smuggled from France
- Former US national team coach Arena to guide MLS Earthquakes
- Fleetwood ties course record to grab lead in Abu Dhabi
- Milan's Morata a doubt for Cagliari clash with head trauma
- Sinner avoids rival Alcaraz in ATP Finals groups
- End in sight for 40-year renovation of giant Brussels courthouse
- Australia pick rugby league convert Suaalii to face England
- Private jet carbon emissions soar 46%: study
- Chinese rover finds signs of ancient ocean on Mars
- Ex-banker and Scholz ally: Germany's new finance minister
- Germany's Scholz pressed to call vote after coalition collapse
- Iran downplays Trump victory but wary of US policy change
- German big business calls for early vote, economic vision
- Europe urged to 'write own history' as Trump storms back
- Peacekeepers wounded in Israel strike in Lebanon, UN says
Global stocks mostly rise as Fed, Bank of England cut rates
Global stocks mostly rose Thursday, with US indices hitting fresh records as a Federal Reserve interest rate cut extended a post-election rally.
While the Dow finished flat, both the S&P 500 and Nasdaq jumped to new all-time highs as the Fed shrugged off concerns about the impact of Donald Trump's election victory and moved ahead with a quarter point interest rate cut.
The central bank voted unanimously to reduce interest rates by 25 basis points to between 4.50 and 4.75 percent.
Markets were cheered by Fed Chair Jerome Powell's tone, which kept the door open to further interest rate cuts.
"Of course, there's going to be a debate about the pace of rate cuts, but policy makers and chair Powell mentioned that they continue to think that policy is restrictive," said Angelo Kourkafas, senior investment strategist at Edward Jones.
All three major indices had hit all-time highs on Wednesday as markets greeted Trump's election win with the hope that tax cuts and the scaling back of regulation would offset the hit from higher tariffs.
Analysts have cautioned that aggressive growth-oriented policies could reignite inflation.
But Powell noted there was still uncertainty about what Trump's actual economic agenda would be.
"We don't guess, we don't speculate, and we don't assume," he said at a news conference.
Large tech companies were big winners, with Apple, Google parent Alphabet and Facebook parent Meta all up more than two percent.
But banking shares pulled back after a torrid session on Wednesday. Bank of America dropped 1.4 percent, while JPMorgan Chase fell 4.3 percent.
Earlier, the Bank of England announced a widely expected 25-basis-point cut, its second reduction since August, as inflation in Britain fell below its target rate.
Sweden's central bank also dropped borrowing costs by 50 basis points, its biggest reduction in a decade, while Norway made no change.
Frankfurt stocks rose by 1.7 percent as the conservative opposition heaped pressure on German Chancellor Olaf Scholz's crisis-hit government to allow for speedy elections by calling a confidence vote next week rather than in 2025.
Christian Democrats chief Friedrich Merz made the demand after Scholz's three-party coalition imploded Wednesday over the 2025 budget and fiscal policy.
In Asia on Thursday, Chinese stocks rallied as investors brushed off concerns that China in particular would be the target of Trump's tariffs.
- Key figures around 2130 GMT -
New York - Dow: FLAT at 43,729.34 (close)
New York - S&P 500: UP 0.7 percent at 5,973.10 (close)
New York - Nasdaq Composite: UP 1.5 percent at 19,269.46 (close)
London - FTSE 100: DOWN 0.3 percent at 8,140.74 (close)
Paris - CAC 40: UP 0.8 percent at 7,425.60 (close)
Frankfurt - DAX: UP 1.7 percent at 19,362.52 (close)
Tokyo - Nikkei 225: DOWN 0.3 percent at 39,381.41 (close)
Hong Kong - Hang Seng Index: UP 2.0 percent at 20,953.34 (close)
Shanghai - Composite: UP 2.6 percent at 3,470.66 (close)
Euro/dollar: UP at $1.0801 from $1.0729 on Wednesday
Pound/dollar: UP at $1.2985 from $1.2879
Dollar/yen: DOWN at 152.92 yen from 154.63 yen
Euro/pound: DOWN at 83.18 pence from 83.31 pence
West Texas Intermediate: UP 0.9 percent at $72.36 per barrel
Brent North Sea Crude: UP 1.0 percent at $75.63 per barrel
burs-jmb/sst
N.Fournier--BTB