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West must embrace 'national power' or face decline: Rubio
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Kyiv 'cannot agree' to EU membership limiting food exports: minister
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Shell refining margins reach record highs as wars hit supply
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Arteta targets more Arsenal glory after signing new deal until 2030
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Former Spain, Barca winger Pedro retires from football
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Russell hit with Singapore grid penalty for taking new power unit
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Arteta signs new Arsenal deal until 2030
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Spotify expands audiobooks to more than 180 markets
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Stocks decline as oil climbs on Mideast flareup
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French-Japanese duo wins chemistry Nobel for solving molecular 'mystery'
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Gauff says online abuse was 'draining' after China Open exit
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England's Nations League surge helps heal World Cup wounds
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As sector struggles, Porsche puts luxury ahead of volume
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Mayor of opposition stronghold Izmir defects to Erdogan party
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'It's personal': Fiji minister pushes better climate finance at pre-COP
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Mertens beats Gauff to set up Swiatek clash at China Open
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Russia glosses over dark Soviet past in reinvented museum
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Benin full of pride at role in Messi's last dance
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UK tax body opened probe into Man City in 2018: FT
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France suspends stun grenade use at student protests ahead of PM speech
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Yemen's Houthis claim new attacks on Saudi airports as conflict deepens
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Indonesian court hears 'negligence' complaint against state over fires, haze
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Germany factory production at highest level for 18 months
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Rubio in Greece to urge against Western civilisation 'decline'
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Thailand floods death toll rises to 60 since mid-September
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Micron workers at Taiwan plant vote in favour of strike
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US pushes Russia for information on plague reports
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In 'The Social Reckoning,' Jeremy Allen White takes on Facebook's 'frightening' ambition
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Myanmar leader lands in Malaysia for migrant return talks
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Chip industry activists call for South Korea to recognise cancer cases
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Indian central bank hikes rates for first time since 2023
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Famine-scarred southern Madagascar braces for El Nino
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US military on Okinawa face curfew, alcohol ban after murder case
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How the EU regulates lobbyists
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Fierce lobbying in EU over 'forever chemicals'
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I.Coast refuge offers lifelong care for youngsters scorned as 'sorcerers'
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Dodgers beat Braves and Padres avoid sweep in MLB playoffs
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Indian central bank hikes rates for first time in more than 3 years
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Mourning, war and elections as Israel marks October 7
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Hotel Blacklist Launches New Accommodation Industry Risk Assessment Tool
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Messi says Argentina retirement is 'saddest day of my career'
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Bangladesh nuclear plant draws hope -- and worry
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Oil rises and stocks fall as Hormuz worries flare
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US beat Canada 1-0 to wrap up four-win international break
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Pacific presses world for help 'surviving' climate change at pre-COP summit
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Turkey, Australia's joint COP31 leadership raises doubts
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Verstappen revival to be put to the test in steamy Singapore
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For Turkish NGOs, COP31 offers rare space for action
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US woman who survived botched execution is conscious, speaking: lawyers
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Sleep, appetite, gene-editing experts contend for Nobel chemistry prize
Iran worries push up oil price as world stocks diverge
European and Asian stock markets diverged Tuesday as investors awaited key US inflation data while concerns about Iran lifted oil prices.
Tokyo closed at a record high and the yen fell on speculation over a snap election in Japan.
Paris and Frankfurt were in the red nearing the half-way mark, while London was flat.
Wall Street finished at another record high Monday, as investors shrugged off worries about a US criminal probe of the Federal Reserve central bank.
The heads of major central banks have thrown their support behind the US Fed and its chairman Jerome Powell, saying in a joint statement Tuesday that it was "critical to preserve" their independence.
On Sunday, Powell took aim at escalating pressure from President Donald Trump's administration to lower interest rates.
Investors were treading water ahead of the release of US inflation data later in the day.
"This is by far the most important metric for the Fed," said Kathleen Brooks, research director at XTB trading group.
"Today's data is expected to reset inflation expectations and be a clear indicator of what the Fed should do this year and how many rate cuts to expect," she added.
In Asia, Tokyo's Nikkei closed up 3.1 percent, driven by anticipation that Prime Minister Sanae Takaichi will capitalise on strong poll numbers by calling an election.
Takaichi was appointed Japan's first woman prime minister in October and her cabinet is enjoying an approval rating of around 70 percent.
But her ruling bloc has only a slim majority in parliament's powerful lower house, hindering her ambitious policy agenda.
Hong Kong also gained, while Shanghai closed lower.
Seoul climbed 1.5 percent after South Korean chip giant SK hynix said it would spend 19 trillion won ($12.9 billion) building an advanced chip packaging plant, as the firm rides the global AI boom.
Oil prices rose after US President Donald Trump announced a 25-percent tariff on any country trading with Iran, ramping up pressure on Tehran and its friends over its violent crackdown on a wave of protests.
Trump said in a social media post on Monday that the new levies would "immediately" hit the Islamic republic's trading partners who also do business with the United States.
The move "is likely to hit its biggest trading partners like China", said Victoria Scholar, head of investment at Interactive Investor.
In other company news, shares in Danish renewable energy firm Orsted climbed five percent after a US judge cleared the way for its offshore wind project to resume work in New England, nullifying a Trump administration order pausing the project.
- Key figures at around 1100 GMT -
London - FTSE 100: FLAT at 10,144.11 points
Paris - CAC 40: DOWN 0.5 percent at 8,316.16
Frankfurt - DAX: DOWN 0.1 percent at 25,368.69
Hong Kong - Hang Seng Index: UP 0.9 percent at 26,848.47 (close)
Shanghai - Composite: DOWN 0.6 percent at 4,138.76 (close)
Tokyo - Nikkei 225: UP 3.1 percent at 53,549.16 (close)
New York - Dow: UP 0.2 percent at 49,590.20 (close)
Euro/dollar: UP at $1.1667 from $1.1666 on Monday
Pound/dollar: UP at $1.3471 from $1.3466
Dollar/yen: UP at 158.89 yen from 158.17 yen
Euro/pound: DOWN at 86.62 pence from 86.63 pence
Brent North Sea Crude: UP 1.2 percent at $64.65 per barrel
West Texas Intermediate: UP 1.3 percent at $60.28 per barrel
R.Shaban--SF-PST