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  • Reuters

    Back on the rate cut track

    European markets will be waking up to a fairly quiet session with London closed for a holiday and little on the economic calendar to stand in the way of the latest rate-cut rally. Investors will be hoping the rise in risk appetite following Federal Reserve Chair Jerome Powell's relatively dovish steer on the U.S. interest rate outlook continues this week, after Wall Street and the MSCI World index hit three-week highs on Friday. The MSCI Asia ex-Japan index on Monday climbed to its highest since February 2023 while mainland stocks in China got off to a solid start after returning from the extended Labour Day break, in a sign that fragile investor sentiment is finally turning.

  • Associated Press

    Macron sets Ukraine as top priority as China's Xi Jinping pays a state visit to France

    French President Emmanuel Macron will seek to press China's Xi Jinping to use his influence to move Russia toward ending the war in Ukraine during a two-day state visit to France. Macron’s office said talks about diplomatic efforts to support Ukraine and put pressure on Russia are a top priority for France.

  • Associated Press

    Heavy rains ease around Houston but flooding remains after hundreds of rescues and evacuations

    Floodwaters closed some Texas schools on Monday after days of heavy rains pummeled the Houston area and led to hundreds of rescues including people who were standed on rooftops. Houston is one of the most flood-prone metro areas in the country. In one soggy area of Houston, school officials in Channelview canceled classes and said a survey of their employees found many of them had experienced circumstances that would prevent them from coming to work.