- 'Windmill love' sees Dutch artist become mill operator
- US defends law forcing sale of TikTok app
- Messi out for defending champ Miami as Leagues Cup begins
- Australia bans uranium mining at Indigenous site
- Divers attempt to reach sunken Philippine oil tanker
- Trump accuses Harris of anti-Semitism in overblown speech
- Blinken set for talks with Chinese foreign minister in Laos
- Coughlin clings to lead at LPGA Canadian Women's Open
- Trump offers tech sector policy flips ahead of election
- Spacecraft to swing by Earth, Moon on path to Jupiter
- What's the fallout of Mexican drug lords' capture?
- Video game makers see actors as AI 'data,' says union on strike
- Chinese qualifier Shang to face Thompson in ATP Atlanta semis
- Concern grows as Venezuela blocks election observers
- 'Massive attack' on French rail threatens more chaos
- 'We did it!': France breathes sigh of relief after Olympics ceremony
- Blinken, in Laos, set for talks with Chinese foreign minister
- Regional concern grows as Venezuela blocks vote observers
- Historic river parade, Dion show-stopper ignite Paris Olympics
- Rainy Paris Olympic parade dampens many spectators' spirits
- G20 pledges to work together to tax ultra-rich
- The one of a kind Paris opening ceremony: five memorable moments
- Justin Timberlake seeks to dismiss DUI case
- Warner Brothers Discovery sues NBA over Amazon rights deal
- Kobe Bryant locker, Maradona jersey up for auction in New York
- Historic river parade launches Paris Olympics
- Stocks rise as US inflation data boosts rate cut hopes
- New York family of Holocaust victim reclaims Nazi-looted art
- NASA Mars rover captures rock that could hold fossilized microbes
- Thousands evacuate season's biggest wildfire in northern California
- Sinaloa Cartel co-founder pleads not guilty after stunning US capture
- Ethiopia mourns victims of landslide tragedy
- Lady Gaga adds sparkle to star-studded Olympic show
- Airbus and Boeing supremacy secure despite turbulence
- Teams sail down Seine in rain-soaked Olympics opening ceremony
- Norris hoping for more after topping Belgian practice times
- West Indies' treble strike rocks England in third Test
- Trump slams rivals as he meets Netanyahu in Florida
- Olympic opening ceremony under way on River Seine
- Mott's England future uncertain as ECB chief fails to offer support
- Trump meets Israeli PM Netanyahu in Florida
- S.African police say 95 Libyans detained at suspected military camp
- Blinken set for talks with Chinese counterpart in Laos
- Norris heads Piastri in McLaren one-two at Belgian GP practice
- G20 seeks common ground on taxing super-rich
- European medicines watchdog rejects new Alzheimer's drug
- Harris gets vital Obama backing in battle against Trump
- Habib, Ebden eye Alcaraz and Djokovic shocks at Olympics tennis
- Stocks rise as inflation data boosts rate cut hopes
- Long queues, ticketing problems ahead of Paris opening ceremony
European stock markets rebound after heavy losses
European stock markets rebounded Wednesday after heavy losses the previous session, as traders tracked fallout from Iran's attack on Israel and assessed the outlook for interest rates.
Paris led the way nearing the half-way stage, jumping 1.3 percent after losing a similar amount Tuesday.
In Asia, Tokyo slumped for a second session running.
Oil prices slid close to one percent, with analysts highlighting that crude supplies had not been affected after the firing of missiles and drones at the weekend by crude-rich Iran.
"European markets have enjoyed a welcome reprieve from the selling pressure that has dominated much of the week," noted Joshua Mahony, chief market analyst at Scope Markets.
London won 0.5 percent, helped by another drop to UK inflation. Analysts expect the Bank of England to start cutting interest rates later this year, though the exact timing is unclear with prices growing more than expected.
Across the Atlantic, hotter-than-expected US inflation and jobs data has forced investors to whittle down their bets on how many interest rate cuts the Federal Reserve will make this year.
Fed boss Jerome Powell on Tuesday indicated that US borrowing costs could stay higher for longer.
"The hawkish tone from Powell didn't come as much of a surprise, considering the persistent inflationary challenges, the robust state of the US economy, and the Fed's commitment to data-driven decision-making," said Stephen Innes of SPI Asset Management.
Elsewhere, traders are keeping an eye on developments in the Middle East amid worries of a region-wide conflict.
"Oil prices are under pressure again for the third straight session after a sharp rally last week with the market waiting to see how Israel plans to respond," noted Victoria Scholar, head of investment at Interactive Investor.
"Investors are trying to weigh up the geopolitical risks in the Middle East and the size of US crude inventories on the supply side versus the outlook for the US and Chinese economies on the demand side."
Israel on Wednesday faced pressure from allies to refrain from striking back at Iran for its unprecedented attack, as Washington and Brussels vowed to ramp up sanctions against the Islamic republic.
- Key figures around 1045 GMT -
London - FTSE 100: UP 0.5 percent at 7,862.65 points
Paris - CAC 40: UP 1.3 percent at 8,035.25
Frankfurt - DAX: UP 0.7 percent at 17,889.24
EURO STOXX 50: UP 0.9 percent at 4,961.35
Tokyo - Nikkei 225: DOWN 1.3 percent at 37,961.80 (close)
Hong Kong - Hang Seng Index: FLAT at 16,251.84 (close)
Shanghai - Composite: UP 2.1 percent at 3,071.38 (close)
New York - Dow: UP 0.2 percent at 37,798.97 (close)
Euro/dollar: UP at $1.0643 from $1.0622 on Tuesday
Dollar/yen: DOWN at 154.62 yen from 154.72 yen
Pound/dollar: UP at $1.2460 from $1.2426
Euro/pound: DOWN at 85.43 pence from 85.45 pence
Brent North Sea Crude: DOWN 0.9 percent at $89.18 per barrel
West Texas Intermediate: DOWN 0.8 percent at $84.72 per barrel
burs-bcp/rfj/rl
L.Dubois--BTB