Stocks rise as US rate hopes soothe nerves

Global stock markets and the dollar mostly firmed Monday as fresh hopes for a US interest-rate cut provided some calm after last week’s rollercoaster ride fuelled by worries of an AI tech bubble.”In a week that is stunted by the Thanksgiving celebrations, there is a degree of hope that perhaps the worst is behind us, and we can get into a more festive mood,” said Joshua Mahony, chief market analyst at traders Scope Markets.Wall Street was marginally in the green around 15 minutes into the session at the start of a holiday-shortened week, as a cautious Dow added 0.1 percent while the tech-rich Nasdaq rose 1.4 percent. The broad-based S&P 500 was up 0.7 percent.Caution abounded in Europe as Frankfurt stood 0.5 percent ahead two hours out from the close despite German business sentiment falling more than expected in November, the latest sign that industry is losing faith in the government’s plans to revive the economy.London edged up 0.1 percent awaiting the UK government’s annual budget on Wednesday, while Paris stood off 0.2 percent.In Asia, Hong Kong closed up 2.0 percent and Tokyo was shut for a Japanese public holiday.The scramble to snap up all things artificial intelligence has helped propel equities skywards this year, pushing several companies to records — with chip titan Nvidia last month becoming the first company to top $5 trillion.Monday saw Nvidia shares off 0.5 percent in early trading.Investors have grown increasingly fearful that the vast sums pumped into tech may have been overdone and could take some time to see profits realised, leading to warnings of a possible market correction.That has been compounded in recent weeks by falling expectations the Federal Reserve will cut rates for a third successive time next month, as stubbornly high inflation overshadows weakness in the US labour market.However, risk appetite was given a much-needed shot in the arm Friday when New York Fed boss John Williams said he still sees “room for a further adjustment” at the bank’s December 9-10 policy meeting.His comments came a day after figures showed that while more jobs were created in September, the unemployment rate crept to its highest level since 2021.Focus is now on the release this week of the US producer price index (PPI), one of the last major data points before officials gather, with other key reports postponed or missed because of the recent government shutdown.”The reading carries heightened importance following the postponement of October’s personal consumption expenditures report, originally scheduled for 26 November, which removes a key datapoint from policymakers’ assessment framework,” wrote IG market analyst Fabien Yip.”A substantially stronger-than-expected PPI outcome could reinforce concerns that inflationary pressures remain entrenched, potentially constraining the Fed’s capacity to reduce rates in December despite recent labour market softening.”- Key figures at around 1445 GMT -New York – Dow: UP 0.1 percent at 46,269.74 pointsNew York – S&P 500: UP 0.7 percent at 6,647.79New York – Nasdaq Composite: UP 1.4 percent at 22,586.64London – FTSE 100: UP 0.1 percent at 9,545.03 pointsParis – CAC 40: DOWN 0.2 percent at 7,964.39Frankfurt – DAX: UP 0.5 percent at 23,217.39Hong Kong – Hang Seng Index: UP 2.0 percent at 25,716.50 (close)Shanghai – Composite: UP 0.1 percent at 3,836.77 (close)Tokyo – Nikkei 225: Closed for a holidayEuro/dollar: UP at $1.1535 from $1.1519 on FridayPound/dollar: DOWN at $1.3092 from $1.3107Dollar/yen: UP at 157.09 yen from 156.39 yenEuro/pound: UP at 88.11 pence from 87.88 penceBrent North Sea Crude: FLAT at $62.58 per barrelWest Texas Intermediate: FLAT at $58.08 per barrel

Streaming musical: une association de consommateurs lance une action de groupe contre Apple

L’association de consommateurs CLCV a lancé une action de groupe contre le géant américain Apple, l’accusant d’avoir surfacturé l’abonnement des utilisateurs à des services de musique en ligne, a-t-elle indiqué lundi dans un communiqué.Selon la CLCV (Consommation logement cadre de vie), qui a déposé cette assignation le 7 novembre au tribunal judiciaire de Paris, “les consommateurs …

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Pour Washington et Kiev, un “futur accord” de paix devra maintenir l’entière “souveraineté” de l’Ukraine

Les Etats-Unis et l’Ukraine ont affirmé dans la nuit de dimanche à lundi qu’un “futur accord” de paix pour mettre fin au conflit avec la Russie “devra pleinement respecter la souveraineté” de Kiev, à l’issue de pourparlers “constructifs” à Genève entre Américains, Ukrainiens et Européens.La Maison Blanche a salué ces discussions en Suisse, en présence …

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Espagne: début du procès pour corruption de l’ex-homme fort de la Catalogne Jordi Pujol

Le procès de l’ancien président et homme fort de la région de Catalogne Jordi Pujol et de ses sept enfants pour blanchiment d’argent et association de malfaiteurs s’est ouvert lundi dans la région de Madrid.Âgé de 95 ans, Pujol, président de la Catalogne de 1980 à 2003, est soupçonné d’avoir reçu des commissions illégales de …

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Hezbollah mourns top commander killed in Israeli strike

Hezbollah held the funeral Monday for its top military chief and other members of the militant group a day after Israel killed them in a strike on Beirut’s southern suburbs.Haytham Ali Tabatabai is the most senior Hezbollah commander to be killed by Israel since a November 2024 ceasefire sought to end more than a year of hostilities between the two sides.His assassination comes as Israel has escalated its attacks on Lebanon, with the United States increasing pressure on the Beirut government to disarm the Iran-backed Hezbollah.Israel’s military said Sunday it had “eliminated the terrorist Haytham Ali Tabatabai, Hezbollah’s chief of general staff”.The group announced the deaths of Tabatabai and four other members in the attack.In Beirut’s southern suburbs, a densely populated area where Hezbollah holds sway, hundreds of supporters joined Monday’s funeral procession for Tabatabai and two of his companions.Hezbollah members in fatigues carried the coffins, draped in the group’s yellow flags, to the sound of religious chants, an AFP correspondent said.The crowd yelled slogans against Israel and America, while supporters carried portraits of the group’s leaders and Iran’s supreme leader, Ayatollah Ali Khamenei.Hezbollah said Tabatabai assumed the role of military leader after the most recent war with Israel, which saw the group heavily weakened and senior commanders killed.Israel has carried out near daily strikes on Lebanon despite the truce, usually saying it is targeting Hezbollah members and infrastructure to prevent the group from rearming.- ‘Very limited’ options -According to the agreement, Hezbollah was to withdraw north of the Litani River, some 30 kilometres (20 miles) from the border with Israel, and to have its military infrastructure there dismantled.Under a government-approved plan, Lebanon’s army is to finish disarming Hezbollah in the area by year end, before tackling the rest of the country.Hezbollah has rejected calls to disarm.After Tabatabai’s killing, Israeli Prime Minister Benjamin Netanyahu said he would “not allow Hezbollah to rebuild its power” and urged Lebanon’s government to “fulfil its commitment to disarm Hezbollah”.A source close to the group told AFP on condition of anonymity there were “two opinions within the group — those who wish to respond to the assassination and those who want to refrain from doing so — but the leadership tends to adopt the utmost forms of diplomacy at the present stage”.Last December, Hezbollah lost a key supply route through Syria with the fall of longtime ruler and ally Bashar al-Assad.Washington is also demanding that Beirut cut off the group’s funding from Iran, which slammed Sunday’s killing as “cowardly”.Atlantic Council researcher Nicholas Blanford told AFP that “Hezbollah’s options are very limited”.”Its support base is clamouring for revenge but if Hezbollah responds directly… Israel will strike back very hard and no one in Lebanon will thank Hezbollah for that,” he said.- Hezbollah defiance -Sunday’s strike was the biggest blow to Hezbollah since the ceasefire “because of (Tabatabai’s) seniority and the fact that it demonstrates the Israelis can still locate and target senior officials despite whatever protective measures Hezbollah is undertaking” since the war, Blanford added.Senior Hezbollah official Ali Damush told the funeral that Tabatabai’s killing aimed “to frighten and weaken (Hezbollah) into retreating… surrendering, and submitting, but this goal will never be achieved”.Israel was “worried about Hezbollah’s possible response — and should remain worried”, he said, urging Lebanese authorities to “confront the aggression by all means… and reject the pressures that seek to push Lebanon to comply with American dictates and Israeli conditions”.Lebanon’s army says it is implementing its plan to disarm Hezbollah, but the United States and Israel have accused Lebanon’s authorities of stalling.Condemning the attack, Prime Minister Nawaf Salam said Sunday that “the only way to consolidate stability” was through “extending the authority of the state over all its territory with its own forces, and enabling the Lebanese army to carry out its duties”.A Lebanese military official told AFP last week that US and Israeli demands to fully disarm Hezbollah by December 31 were “impossible” considering personnel and equipment shortages, expressing concern at the risk of confrontations with local communities that support the group.

Ligue des champions: “je réalise que je vieillis”, plaisante Guardiola

“Je réalise que je vieillis”, a répondu lundi Pep Guardiola, interrogé sur le 100e match de Ligue des champions qu’il vivra en tant qu’entraîneur de Manchester City, mardi (21h00) contre le Bayer Leverkusen.”Chaque week-end il y a un nouvel événement à célébrer (dans sa carrière, ndlr)”, a ironisé le Catalan de 54 ans, au club depuis 2016 et sacré champion d’Europe en 2023, qui a vécu au début du mois son 1000e match comme entraîneur, toutes compétitions confondues.Plus sérieusement, “non, c’est plutôt bien. Cela signifie que chaque saison, nous avons été là. (…) C’est une compétition énorme, tellement spéciale pour les joueurs, ils l’adorent, comme les entraîneurs et tout le monde”, a-t-il ajouté.”Se mesurer aux meilleures équipes d’Europe est une expérience incroyablement enrichissante”, et “pour le club, en termes de réputation, de prestige, financièrement, c’est extrêmement important”, a développé l’ex-coach de Barcelone et du Bayern.En C1 cette saison, Manchester City a enregistré trois victoires et un nul, à Monaco, ce qui lui permet à mi-parcours de figurer dans le Top-8 de la phase de ligue, à une place directement qualificative pour les huitièmes de finale de la Ligue des champions.”Maintenant, nous entamons les quatre derniers matches: deux à domicile, deux à l’extérieur. Demain (mardi), contre le troisième de Bundesliga, c’est un match extrêmement important pour atteindre notre objectif, finir parmi les huit premiers”, a-t-il commenté.Les milieux défensifs Rodri et Mateo Kovacic, blessés, ne seront pas rétablis pour la réception du Bayer.Sur la scène européenne, Leverkusen se trouve en mauvaise posture avec une seule victoire contre deux matches nuls et une lourde défaite, 7-2 contre le PSG. Les joueurs de Kasper Hjulmand ont toutefois enclenché une bonne dynamique depuis plusieurs semaines en Bundesliga.