Stocks lower on uncertainty over earnings, tech rally, US rates

Global stock markets fell back Monday as traders awaited key earnings reports notably from chip giant Nvidia and amid concerns the US Federal Reserve could hold off on further rate cuts this year.On Wall Street the Dow was off 0.2 percent at 47,033.52 points a few minutes into trading, with the tech-heavy Nasdaq down by a similar margin. The broader based S&P 500 Index pulled back 0.3 percent to 6,711.92.Besides Nvidia, which was off 1.6 percent, US retailers including Home Depot, Target and Walmart are also set to release their earnings reports, which will be monitored for signs of how consumers are faring as President Donald Trump’s tariffs bite.Traders are also awaiting US government data on how the labour market fared in September. The numbers are due for publication Thursday, after the end of the longest government shutdown in US history. “It’ll be the first glimpse of some macro news” that could provide hints on the Fed’s preferred path for interest rates moving forward, said Peter Cardillo from Spartan Capital Securities.Among companies, he added that “it’s all up to Nvidia, whether or not it can turn the souring negative sentiment on the AI sector”.London and Paris were marginally into the red two hours out from the European close while the DAX was off 0.8 percent in Frankfurt.Major Asian indices earlier finished down amid simmering tensions between China and Japan which hit tourism and retail firms on Tokyo’s exchange.The tepid mood on trading floors dragged on the crypto sector, with bitcoin briefly erasing all its gains this year — just over a month after hitting a record high.The European Union on Monday cut its eurozone growth forecast for 2026 as risks from international trade and geopolitical tensions weigh on Europe’s economy.Investors have in recent weeks reconsidered prospects for US rate cuts and the AI-fuelled tech rally that had lifted several markets to record highs.Traders are keenly awaiting the release of several reports — including on jobs and inflation — that had been held up by the record US government shutdown that ended last week.With data releases delayed, “chances are growing that the Fed will avoid changing monetary policy when the economic outlook remains murky”, said Kathleen Brooks, research director at trading group XTB.Federal Reserve boss Jerome Powell signalled last month that a December cut to borrowing costs was not assured, adding to uncertainty.All eyes are on this week’s release of earnings from chip titan Nvidia, the world’s most valuable company, which late last month hit a market-capitalisation of $5.0 trillion before slipping back a bit.Bitcoin suffered from the uncertain climate on trading floors, with the digital unit briefly dropping to $92,935.51. It bounced back slightly to sit above $95,000 on Monday.The cryptocurrency had climbed to a record high of $126,251 on October 6, buoyed by US President Donald Trump’s pledges to ease regulation on the crypto sector.- Key figures at around 1450 GMT -New York – Dow: DOWN 0.2 percent at 47,033.52 pointsNew York – S&P 500: DOWN 0.3 percent at 6,711.92 New York – Nasdaq Composite: DOWN 0.2 percent at 22,867.59 London – FTSE 100: DOWN 0.1 percent at 9,686.52 pointsParis – CAC 40: DOWN 0.4 percent at 8,134.06Frankfurt – DAX: DOWN 0.8 percent at 23,691.12Tokyo – Nikkei 225: DOWN 0.1 percent at 50,323.91 (close)Hong Kong – Hang Seng Index: DOWN 0.7 percent at 26,384.28 (close)Shanghai – Composite: DOWN 0.5 percent at 3,972.03 (close)Dollar/yen: UP at 155.17 yen from 154.55 yen on FridayEuro/dollar: DOWN at $1.1585 from $1.1621 Pound/dollar: DOWN at $1.3168 from $1.3171Euro/pound: DOWN at 87.97 pence from 88.22 penceWest Texas Intermediate: FLAT at $60.06 per barrelBrent North Sea Crude: FLAT at $64.40 per barrel

Messe pour Pétain: enquête ouverte pour contestation de crime contre l’humanité

Deux jours après une messe à Verdun en hommage à Philippe Pétain, une enquête a été ouverte lundi pour contestation de crime contre l’humanité contre le président de l’association organisatrice, qui pourrait faire l’objet d’une dissolution.Jacques Boncompain, président de l’Association pour défendre la mémoire du maréchal Pétain (ADMP), s’était exprimé samedi devant la presse à la sortie de l’église Saint-Jean-Baptiste de Verdun, soutenant notamment que Philippe Pétain avait été “le premier résistant de France”. Dans une vidéo mise en ligne par le journal L’Est républicain, on entend M. Boncompain, 84 ans, qualifier le chef du régime collaborationniste de Vichy de “plus grand serviteur de la France du XXe siècle”. “Il a sauvé, devant témoins je peux le dire, au moins 700.000 juifs”, ajoute-t-il.Dans un courriel adressé à l’AFP, la procureure de la République de Verdun, Delphine Moncuit, a indiqué avoir ouvert une enquête contre M. Boncompain “et tous autres” pour “contestation publique de l’existence de crime contre l’humanité commis durant la Seconde guerre mondiale”.L’enquête porte aussi sur la “tenue d’une réunion politique dans un local servant habituellement à l’exercice d’un culte” et vise le prêtre qui a célébré la messe: Gautier Luquin, 31 ans, est mis en cause pour “provocation par ministre du culte à la résistance à l’exécution des lois ou actes de l’autorité publique”.Le préfet de la Meuse, Xavier Delarue, avait annoncé samedi qu’il ferait un signalement au procureur pour propos “clairement révisionnistes”.Interrogée par l’AFP, la préfecture de la Meuse a précisé lundi qu’un aspect du signalement fait à la justice était “la perspective éventuelle de la dissolution” de l’ADMP, une décision qui relève du ministère de l’Intérieur. – “Surprise absolue” -Le maire de Verdun, Samuel Hazard (divers gauche), avait pris un arrêté la semaine dernière pour interdire cet hommage par craintes de “trouble à l’ordre public”, mais sa décision a été annulée vendredi par le tribunal administratif de Nancy.Interrogé par l’AFP, M. Boncompain a fait part lundi de sa “surprise absolue” à l’annonce de l’ouverture d’une enquête à la suite d’un office religieux “de 35 minutes” qui a attiré selon lui neuf personnes.”On a mobilisé un escadron de gendarmerie pour neuf personnes qui voulaient prier pour des défunts”, a-t-il dit, accusant le maire de Verdun d’avoir “délibérément créé un phénomène” autour de la messe dite “en hommage au maréchal Pétain et à ses soldats”.”Cela fait partie du lancement de sa campagne” en vue des élections municipales de mars, a-t-il estimé. “Cette messe a lieu depuis 1951 sans difficulté” à l’ossuaire de Douaumont, sur le champ de bataille de 1916, a-t-il fait valoir.Samedi, une centaine de manifestants, dont plusieurs élus en écharpe tricolore, ont manifesté devant l’édifice religieux, surveillé par une vingtaine de policiers et gendarmes. Sous les huées, un militant d’extrême droite, Pierre-Nicolas Nups, ancien candidat aux législatives de 2024 en Meurthe-et-Moselle sous la bannière du Parti de la France, a interprété “Maréchal nous voilà”, chant à la gloire du chef du régime de Vichy.- Zemmour condamné -Les propos révisionnistes sont passibles d’une peine pouvant aller jusqu’à un an d’emprisonnement et 45.000 euros d’amende. Ils sont définis comme la négation, la minoration ou la banalisation de façon outrancière d’un crime de génocide, de crime de guerre ou de crime contre l’humanité.Dès samedi, le ministre de l’Intérieur, Laurent Nuñez, a jugé les propos du président de l’ADMP “contraires à notre mémoire collective” et condamné fermement “toute tentative de réhabilitation d’une figure liée à la collaboration et à l’oppression”.La porte-parole du gouvernement, Maud Bregeon, a jugé dimanche “révoltant” l’organisation de la messe d’hommage, qui a mis “mal à l’aise” le chef du Rassemblement national Jordan Bardella.Surnommé “le vainqueur” de la bataille de Verdun en 1916, Philippe Pétain prit en 1940 la tête du régime de Vichy qui collabora avec l’Allemagne nazie. Il a été frappé d’indignité nationale en 1945 et condamné à mort, une peine commuée en prison à vie.La thèse consistant à dire qu’il aurait “protégé les juifs français”, est, selon plusieurs historiens, dénuée de tout fondement.Elle apparaît ultra-minoritaire dans le monde académique. Elle est notamment contredite par l’arrestation avérée d’enfants français lors de la rafle du Vel d’Hiv de 1942 et fait fi du système de ségrégation mis en œuvre dès 1940 par le régime de Vichy.Le président du parti d’extrême droite Reconquête!, Eric Zemmour, a été condamné en avril par la cour d’appel de Paris pour contestation de crime contre l’humanité à 10.000 euros d’amende pour avoir déclaré en 2019 que Pétain avait sauvé des juifs français. Il a annoncé un pourvoi en cassation.

Les tensions Chine-Japon font tanguer la Bourse de Tokyo, l’impact économique inquiète

Compagnies aériennes, cosmétiques, grands magasins… Les groupes liés au tourisme ont plongé lundi à la Bourse de Tokyo, après que la Chine a recommandé à ses ressortissants d’éviter de voyager au Japon, en pleine passe d’armes au sujet de Taïwan, au risque de fragiliser ce secteur-clé de l’économie nippone.A l’origine du regain de tensions: la …

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Arabie saoudite: 45 morts dans l’accident d’un car de pèlerins indiens

Quarante-cinq personnes, majoritairement des pèlerins indiens, sont mortes dans un accident de car près de la ville sainte de Médine, l’un des plus meurtriers depuis des années en Arabie saoudite, a annoncé lundi la police indienne. “L’accident tragique d’autocar impliquant des pèlerins indiens en Arabie saoudite est bouleversant”, a déclaré V.C. Sajjanar, commissaire de police de …

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COP30 talks enter homestretch with UN warning against ‘stonewalling’

The UN’s climate chief urged ministers on Monday to avoid any “stonewalling” and speed up negotiations at COP30 talks in Brazil, with nations divided on key issues with five days left in the gathering.Ministers have started to arrive to take over negotiations in the second week of talks in the Amazonian city of Belem, with countries debating language over weak climate commitments, insufficient financial pledges and trade barriers.COP30 is due to end on Friday but the UN’s annual climate talks usually spill into overtime as exhausted negotiators struggle to find compromises over how to tackle climate change.”There is a huge amount of work ahead for ministers and negotiators. I urge you to get to the hardest issues fast,” UN climate Simon Stiell told the gathering. “I urge you to get to the hardest issues fast.””When these issues get pushed deep into extra time, everybody loses. We absolutely cannot afford to waste time on tactical delays or stonewalling,” he said.Three issues were blocking progress after a week of talks in the Amazonian city.China, India and other allied countries want COP30 to adopt a decision against unilateral trade barriers — a dig at the European Union’s “carbon tax” on imports of carbon-intensive goods such as steel, aluminum and fertilizers.Meanwhile, island states vulnerable to rising seas — backed by Latin American countries and the EU — believe it is crucial for COP30 to respond to the latest projections showing the world will fail to limit warming to 1.5C and step up their climate commitments.But major emerging countries, from China to Saudi Arabia, do not want a text that implies they are not doing enough to curb climate change.The third point of contention is a bid by developing countries, especially from Africa, to point the finger at developed nations for falling short on providing financing to help adapt to climate change and cut emissions.The Brazilian presidency published a memo Sunday evening summarizing these divergent viewpoints and proposing options, some of which are contradictory.”This is the Brazilian presidency setting the table for the end game,” Li Shuo, a climate expert at the Asia Society Policy Institute.Ministers will have to “achieve the very delicate balance between these three pieces,” Li said.

Delhi car bombing accused appears in Indian court, another suspect held

Indian anti-terrorism investigators presented a suspect linked to last week’s deadly car bomb in New Delhi in court on Monday, one of three men now accused of involvement in the suicide attack.Officials have not disclosed any details about the motives or organisational backing of the alleged attackers, all three of whom they say came from Indian-administered Kashmir.Kashmir has been divided between India and Pakistan since their independence from British rule in 1947, and both claim the Himalayan territory in full. Tensions remain high between New Delhi and Islamabad after recent attacks.The National Investigation Agency (NIA) said suspect Amir Rashid Ali was accused of having “conspired with the alleged suicide bomber, Umar Un Nabi, to unleash the terror attack” on Monday last week.The NIA put the death toll at 10, although hospital officials told AFP that at least 12 people had been killed. It remains unclear whether Nabi was included in the tally.It also said in a statement issued late on Monday it had arrested another of Nabi’s alleged accomplices from Kashmir.The agency said Jasir Bilal Wani had “allegedly provided technical support for carrying out terror attacks by modifying drones and attempting to make rockets” ahead of the blast.An AFP photographer earlier saw Ali being taken under heavy guard from a police truck to a New Delhi court to face charges.Indian media reported that the court had ordered he be held in custody by the NIA for 10 days.- ‘Prepared for the future’ -The blast erupted near a busy metro station close to the Red Fort in Old Delhi, from where the premier’s annual Independence Day address is delivered.Prime Minister Narendra Modi has called the attack a “conspiracy” and vowed to bring the “perpetrators, their collaborators and their sponsors” to justice.Nabi was a medical professor at a university in Haryana state, just outside the capital, while Ali had allegedly travelled to Delhi to “facilitate the purchase of the car which was eventually used as a vehicle-borne improvised explosive device (IED)”, according to the NIA.India has provided no further information on the alleged motives or network behind the suspects.The bombing was the worst attack since April 22, when 26 mainly Hindu civilians were killed at the tourist site of Pahalgam in Indian-administered Kashmir.New Delhi accused Pakistan of backing that attack, claims Islamabad denied.India launched strikes inside Pakistan in May, triggering four days of intense cross-border conflict that killed at least 70 people.Modi vowed after a ceasefire that “any attack on Indian soil will be considered as an act of war”.Army chief General Upendra Dwivedi also issued a pointed warning to Pakistan on Monday, comparing the brief May conflict to a “trailer” rather than a full-length film.”I’d like to say that the movie hasn’t even started — only a trailer was shown, and, after the trailer, it was over within 88 hours,” Dwivedi said in a speech at a defence conference in New Delhi.”So, we’re fully prepared for the future, and if Pakistan gives us such an opportunity, we’d like to provide them with a thorough education — on how a responsible nation should behave with its neighbours.”