World

Australian ex-PM censured over secret ministry posts

Australia’s parliament on Wednesday censured ex-prime minister Scott Morrison for secretly appointing himself to several key ministries during the Covid-19 pandemic, delivering a rare and stinging rebuke.

By a vote of 86 to 50, the parliament said that the former conservative leader’s actions “eroded public trust in Australia’s democracy” and made proper accountability impossible.

It is the first time in Australian history that a former prime minister has been formally censured by the House of Representatives.

Over two years, Morrison had himself sworn in as minister for finance, home affairs, treasury, resources, agriculture and environment — without telling the public, parliament or existing ministers.

“He owes an apology to the Australian people for the undermining of democracy,” said Prime Minister Anthony Albanese, whose centre-left party ousted Morrison in a May 2022 election.

Wednesday’s vote fell largely along party lines, with political rivals seeking to frame the debate as beyond party politics, or motivated entirely by it.

Morrison was in the chamber for much of the debate and listened largely impassively as he was denounced.

When he rose to speak, it was to issue a strident defence of his actions, and to accuse the Labor government of partisanship, “political intimidation” and trying to “impose its retribution”.

– ‘Unintentional offence’ –

“I am proud of my achievements in this place, and I am proud of my government,” he said. “I gave it everything I had.” 

Morrison did express some misgivings about keeping his appointments secret and claimed he would have told the public if asked by journalists.

“I acknowledge that the non-disclosure of arrangements has caused unintentional offence and extend an apology to those who were offended,” he said.

“I do not apologise for taking action, especially prudent redundancy action, in a national crisis in order to save lives and to save livelihoods.”

Members of Morrison’s party lined up to shake his hand as they left the chamber.

But there were isolated acts of dissent.

Morrison’s party ally Bridget Archer described her former leader’s actions as “an affront to our democratic Westminster system” and voted in support of the censure. 

“This is not a game, there are things that sit above the cut and thrust of politics.” 

More than a dozen members did not vote.

A recent inquiry by a former high court judge found Morrison’s actions had been “corrosive of trust in government” and recommended closing several loopholes that allowed the appointments to remain secret.

Morrison’s actions were ultimately found to be legal, but his use of extraordinary ministerial powers to block a major gas project is being challenged in court. 

Morrison has refused calls to resign from parliament.

Albanese has signalled that parliament will now try to change the law to make sure ministerial appointments have to be made public.

How film and TV can help the climate change battle

Fictional films and TV have immense power to shift attitudes on political issues, yet they remain little-used in debates over climate change.

Analysing a database of 37,453 film and TV scripts from 2016 to 2020, researchers at the University of Southern California (USC) found that just 1,046 — 2.8 percent — included any keywords related to climate, and only 0.6 percent mentioned “climate change” specifically. 

A similar British study by Albert, a sustainability NGO, found that “cake” was mentioned 10 times more than “climate change” in TV subtitles in 2020.

“The vast majority of films and shows we watch exist in a different reality, where climate change does not exist. This allows viewers to live in a fantasy,” said Anna Jane Joyner, founder of Good Energy, a consultancy that helps scriptwriters address the issue.

Scriptwriters have been keen to address climate change, Joyner said, but felt others would not be interested, or that they would be branded as hypocrites.

“Many writers feel guilty about their own lifestyle — that unless you’re a perfect climate citizen, you can’t authentically write about it,” said Joyner. “But we need less shaming.”

It helps that public concern is rising.

The number of Americans viewing climate change as a major threat jumped from 37 to 55 percent between 2017 and 2021, despite right-wing denials. 

In Britain, it jumped from 37 to 65 percent.

– ‘Para-social relationships’ –

TV has helped shift political attitudes over the years, especially around race and sexuality, from the first inter-racial kiss on “Star Trek” in the 1960s to the gay stars of 1990s sitcoms “Ellen” and “Will and Grace”.

The latter was even cited by then vice-president Joe Biden in his decision to support marriage equality in the United States in 2012.

“People tend to view entertainment as frivolous… and writers who care about climate change might think that audiences will not be receptive,” said Erica Rosenthal of USC. “But that is false.”

Her work has shown how viewers form “para-social relationships” with characters on-screen, exposing them to new ideas and people. 

“Even if climate change only comes up in passing in a show that we love, it subconsciously validates that this concern is normal,” said Joyner.

“You need that sense of connection before you get to a place of agency.”

However, some mentions are more useful than others, she added.

Two common tropes are the apocalypse — which is demoralising — and characters that badger others about their SUV or plastic straws. “Nobody likes a scold,” said Joyner.

Simple gestures can help — characters expressing concern about the climate, using public transport or minimising food waste.

“We see plenty of stories on extreme weather but they are rarely, if ever, linked to climate change… That would be easy,” added Rosenthal.

– Conquering nature –

Hollywood has long explored humanity’s relationship with nature, dating back to the grand vistas of early Westerns.

“Initially, Westerns were about conquering the land, but very quickly we see that domesticating nature should not mean destroying it,” said Veronique Le Bris, who compiled “100 Great Films for the Planet” in France.

Horror over nuclear weapons spurred change after World War II, she added.

As early as 1958, celebrated director Nicholas Ray made “Wind Across the Everglades” about animal conservation.

There have been many examples since, from “Erin Brokovich” to “Wall-E” to “Don’t Look Up”.

But the current focus on global climate change is tricky for filmmakers, Le Bris said, perhaps because we are all complicit at some level. 

“The LGBT debate was fairly neat. Either you’re tolerant or not,” she said. “But nobody is perfect when it comes to climate.”

Two militia leaders guilty of sedition in US Capitol assault

Two leaders of the far-right Oath Keepers militia, including founder Stewart Rhodes, were found guilty of sedition on Tuesday in the most high-profile case yet stemming from the January 6, 2021 attack on the US Capitol by supporters of then-president Donald Trump.

A federal jury convicted Rhodes, 57, and Kelly Meggs, 53, leader of the militia’s Florida chapter, of the rarely pursued charge of seditious conspiracy, which carries up to 20 years in prison.

The 12-person jury acquitted three other members of the Oath Keepers — Kenneth Harrelson, Jessica Watkins and Thomas Caldwell — who faced the sedition charge, but it convicted them of lesser offenses such as obstructing an official proceeding.

Rhodes, an eyepatch-wearing former soldier and Yale law school graduate, and the four other group members were accused of plotting to keep Trump in power and overturn the results of the 2020 presidential election won by Democrat Joe Biden.

During the nearly two-week trial in Washington, prosecutors said the Oath Keepers “concocted a plan for an armed rebellion… plotting to oppose by force the government of the United States.”

Hundreds of Trump supporters have been arrested for their roles in the assault on Congress but they have faced less serious charges than those lodged against Rhodes and the other Oath Keepers.

The jury deliberated for three days before reaching a verdict in the case, which the defendants characterized as a political trial carried out by the Biden administration against supporters of Trump, who has announced plans to run for the White House again in 2024.

US Attorney General Merrick Garland named a special counsel this month to oversee the investigation into Trump’s own efforts to overturn the election result and the attack on Congress by his supporters.

The special counsel will also take over the Justice Department’s probe into a cache of classified government documents seized in an FBI raid on Trump’s Mar-a-Lago residence in Florida in August.

– ‘Off-mission’ –

A not-guilty verdict on the sedition counts for all five defendants would have been a setback for the Department of Justice, which plans to try members of the Proud Boys, another right-wing extremist group, on the same charges.

The verdict was hailed by the congressional committee investigating the Capitol assault.

“Today’s convictions are a victory for the rule of law and reinforce the fact that the violence of January 6th included a deliberate attempt to overturn the results of the 2020 election and block the transfer of presidential power,” a statement from the committee’s chairs, Democratic Congressman Bennie Thompson and Republican Liz Cheney, said.

Edward Tarpley, an attorney for Rhodes, said he was “disappointed.”

“There was no evidence introduced indicating that there was a plan to attack the Capitol,” Tarpley told reporters.

During the trial, prosecutors accused the Oath Keepers of stocking weapons at a hotel near Washington and joining the crowd that stormed the Capitol in a bid to block the certification by Congress of Biden’s election victory.

Prosecutors showed videos of the attack by dozens of group members dressed in military-style combat gear.

Prosecutors also showed the jury text messages between Rhodes and his followers that called for action if Trump himself failed to act to prevent certification of Biden as the next president.

Rhodes did not personally enter the Capitol but directed his followers like a battlefield general, prosecutors said.

Rhodes took the witness stand during the trial and denied his group planned to assault the congressional complex, saying they were in Washington only to provide security at rallies.

“It was not part of our mission for that day to enter the Capitol for any reason,” Rhodes said.

Speaking in military jargon, he admitted that a number of Oath Keepers went “off-mission” and entered the building. 

He said Meggs, the Florida chapter head, was “an idiot” for taking his people inside.

“I think it was stupid to go into the Capitol. It opened the door for the political persecution of us. And that’s where we are,” Rhodes told the court.

Disappointment in Tehran after World Cup loss to US

Iranians had been hoping for a repeat of their 1998 World Cup victory over the United States but their 1-0 defeat in Qatar on Tuesday plunged Tehran into disappointed silence as they exited the tournament.

There was no replay of the street celebrations last Friday, when people danced after Iran beat Wales.

In a cultural centre in the north of the capital, a dozen families had gathered at the start of the evening to watch the game in Qatar on a big screen.

“Come on, come on,” parents and children cried, waving Iranian flags.

A US goal in the 38th minute however soon put a damper on hopes of a repeat of Iran’s 1998 win.

The match had been billed as the “Mother of all football matches” in the runup, after decades of mutual enmity between the geopolitical foes.

But watching the game, Asghar Mohammadi, a 50-year-old shopkeeper, said he was surprised by the friendly atmosphere on the pitch.

“Many said this game would be contaminated by politics, but we only saw friendly behaviour between the players on the pitch. Every time a player fell, the opponent helped him up,” he said.

“Our players fought with all their might, especially in the second half,” he added.

While it was not the World Cup final, the match still made headlines because of its symbolic and political significance to two countries which have not had diplomatic relations in more than 40 years.

“Politicians sometimes use football as a political tool, but in my opinion sport should not be politicised,” said Amir Moradian, a 45-year-old topographer.

“I wanted Iran to win the match. I was very sad about the result. This loss makes people sad, it’s natural, but we mustn’t lose hope, and think about the next tournaments,” he said.

Another spectator criticised the tactics of the national team.

“In my opinion, our players were looking for a draw, it was a bad tactic, they should have played to win, they were capable of it. We should have won against America. It was a shame.”

If Iran had drawn they would have advanced to the last 16 for the first time in their history.

William and Kate head to the US for first time in eight years

Prince William and his wife Kate head to the United States this week for their first visit in eight years, and the popular couple’s inaugural trip as prince and princess of Wales.

The three-day visit to the northeastern city of Boston culminates on Friday evening with a star-studded ceremony for William’s Earthshot Prize initiative to tackle climate change.

The awards ceremony — described by royal insiders as William’s “Superbowl moment” — is now in its second year, and rewards five innovators with £1 million each ($1.2 million).

A host of stars are expected at Boston’s MGM Music Hall, including singers Billie Eilish and Annie Lennox, sisters Chloe x Halle, and actor Rami Malek.

As last year, the British naturalist and television presenter David Attenborough will contribute, alongside the actress Cate Blanchett, who is on the judging panel.

The trip is the most high-profile since 40-year-old William became heir to the throne in September, when his father succeeded queen Elizabeth II to become King Charles III.

The new monarch soon made his eldest son prince of Wales — the traditional title of heirs apparent dating back to the 13th century.

The last princess of Wales was William’s mother, Diana.

In Boston, the couple will meet the city’s mayor, Michelle Wu, and tour the John F. Kennedy Presidential Library and Museum with the former president’s daughter, Caroline.

Caroline Kennedy is currently Washington’s top envoy to Australia.

Other engagements include discussions with local officials about rising sea levels in the city on the North Atlantic coast.

They will also meet charities working with disadvantaged young people and a laboratory specialising in green technologies.

Kate, who has three children aged four to nine with William and has an interest in early years education, will visit Harvard University’s Child Development Centre.

– No Harry or Meghan –

No meeting has been announced between Prince William and his estranged younger brother Harry, 38, who lives in California with his wife Meghan, 41, and their two young children.

The two couples have been at loggerheads particularly since Harry and Meghan — also known as the Duke and Duchess of Sussex — sensationally quit the royal family in 2020.

Relations soured further after they gave a television interview to Oprah Winfrey last year and accused the royal family of racism, prompting a public denial from William.

The death of William and Harry’s grandmother failed to bring about any visible meaningful reconciliation.

The two couples made a frosty joint appearance at Windsor Castle to view floral tributes and both attended the queen’s state funeral.

Unusually though for William and Kate, who are used to their public appearances dominating headlines in the UK, they may have to deal with playing second fiddle to Harry and Meghan in the United States.

The Sussexes are more popular in the United States and on December 6 are due to receive a major humanitarian award from the Robert Kennedy foundation in New York.

Comparisons between the two couples will inevitably fuel interest in the royal soap opera even before the expected release next month of a documentary about Harry and Meghan on Netflix.

The royal family is also bracing for the release of Harry’s memoirs “Spare” on January 10 in which he promises to lift the lid on his life in Britain’s most famous institution.

William and Kate’s US visit will be seen as a more conventional approach to royal outreach.

Among the 15 Earthshot finalists are a Kenyan initiative for a cleaner-burning stove and a Dutch invention to stop maritime plastic pollution.

A pair of French and Spanish entrepreneurs is also in the running with their biodegradable seaweed packaging.

The couple made their first official visit to the United States in 2011, when they met Hollywood A-listers in California.

In 2014, they visited New York and Washington, in a trip that included a reception at the White House with the then-president Barack Obama and his deputy, Joe Biden.

China astronauts reach Tiangong space station

Chinese astronauts on Wednesday arrived at the Tiangong space station, where they completed the country’s first-ever crew handover in orbit, state news agency Xinhua reported.

The trio blasted off aboard a Long March-2F rocket at 11:08 pm (1508 GMT) from the Jiuquan launch centre in northwestern China’s Gobi desert, Xinhua said, citing the China Manned Space Administration (CMSA).

The vessel — carrying veteran Fei Junlong and first-time astronauts Deng Qingming and Zhang Lu — successfully docked with the station early Wednesday, the agency said, according to Xinhua.

They then joined three other astronauts who had been aboard the Tiangong space station since early June.

Fei, 57, is returning to space after 17 years, having commanded the Shenzhou-6 mission in 2005. 

The mission’s main responsibilities were “achieving the first crew handover in orbit, installing… equipment and facilities inside and outside the space station, and carrying out scientific experiments,” said CMSA spokesman Ji Qiming.

“During the stay, the Shenzhou-15 crew will welcome the visiting Tianzhou-6 cargo ship and hand over (operations to) the Shenzhou-16 manned spaceship, and are planning to return to China’s Dongfeng landing site in May next year.” 

The Tiangong space station is the crown jewel of Beijing’s ambitious space programme — which has landed robotic rovers on Mars and the Moon, and made the country the third to put humans in orbit — as it looks to catch up with the United States and Russia.

Tiangong’s final module successfully docked with the core structure earlier this month, state media said — a key step in its completion by year’s end.

“I expect that China will declare construction completion during or at the end of the Shenzhou-15 mission,” independent Chinese space analyst Chen Lan said. 

China has been excluded from the International Space Station since 2011, when the United States banned NASA from engaging with the country.

Once completed, the Tiangong space station is expected to have a mass of 90 tonnes — around a quarter of the ISS — or similar in size to the Soviet-built Mir station that orbited Earth from the 1980s until 2001.

Tiangong, which means “heavenly palace”, will operate for around a decade and host a variety of experiments in near-zero gravity.

Next year, Beijing plans to launch the Xuntian space telescope with a field of view 350 times that of NASA’s Hubble Space Telescope.

Trade tensions overshadow Macron's showy White House visit

French President Emmanuel Macron arrived in Washington late Tuesday for a state visit hosted by President Joe Biden where hard-nosed disagreements about US-EU trade will overshadow the White House pomp and ceremony.

Due to Covid delays, this is the first formal state visit of Biden’s presidency and US officials say the choice of France for the honor reflects both deep historical ties and their intense current partnership in confronting Russia over its war in Ukraine.

Macron touched down at Joint Base Andrews, the air force facility used by Biden outside Washington.

While in the capital, the French leader will be given a full ceremonial military welcome to the White House, an Oval Office sit down with Biden and a state banquet on Thursday, where Grammy-award winning American musician Jon Batiste will perform.

Compared to Macron’s edgy first experience of a state visit as the guest of Donald Trump in 2018, this trip — concluding with a stop Friday to the once-French city of New Orleans — will be a carefully choreographed display of transatlantic friendship.

Certainly the diplomatic furor that erupted last year when Australia canceled a deal for French submarines and instead signed up for US nuclear subs is now buried.

But even with little risk of Trump-style fireworks, Macron has major grievances to air.

– Trade war? –

Top of these is tension over Biden’s signature green industry policy, the Inflation Reduction Act, or IRA, which will pump billions of dollars into climate-friendly technologies, with strong backing for American-made products. Similar effort is being put into microchip manufacturing.

Europeans fear an unfair US advantage in the sectors just as they are reeling from the economic consequences of the Ukraine war and Western attempts to end reliance on Russian energy supplies.

Talk in Europe is now increasingly on whether the bloc should respond with its own subsidies and championing of homegrown products, effectively starting a trade war.

“China favors its own products, America favors its own products. It might be time for Europe to favor its own products,” French Finance Minister Bruno Le Maire told France 3 radio on Sunday.

Biden was certainly in no mood to apologize, saying in a speech at a microchip factory in Michigan on Tuesday that the push for a revitalized US-based industrial base is “a game changer.”

“Companies began moving jobs overseas rather than moving product overseas,” he said. “We’re not going to be held hostage anymore.”

Another gripe in Europe is the high cost for US liquid natural gas exports — surged to try and replace canceled Russian deliveries.

Responding to accusations that the United States is effectively profiteering from the Ukraine war, a senior US administration official said this was a “false claim.”

The official also played down IRA-related tensions, saying a “very constructive set of conversations” is underway on how to prevent European companies from being shut out.

To underline the importance of the issue for Paris, Macron met with dozens of business executives ahead of his departure to Washington, urging them to keep investing in France. These included representatives from US giants Goldman Sachs and McDonald’s.

– Strategizing on China, Ukraine –

The breadth of Macron’s entourage — including the foreign, defense and finance ministers, as well as business leaders and astronauts — illustrates the importance Paris has put on the visit.

However, at the White House, a senior official said the main goal is to nurture the “personal relationship, the alliance relationship” with France — and between Biden and Macron.

That more modest sounding goal will include improving coordination on helping Ukraine to repel Russia and the even more vexing question of how to manage the rise of the Chinese superpower.

“We are not allies on the same page,” one adviser to Macron told AFP, forecasting “challenging” talks with Biden.

Despite his strong support for Kyiv, Macron’s insistence on continuing to maintain dialogue with Russian President Vladimir Putin has irked American diplomats.

The China question — with Washington pursuing a more hawkish tone and EU powers trying to find a middle ground — is unlikely to see much progress.

“Europe has since 2018 its own, unique strategy for relations with China,” tweeted French embassy spokesman Pascal Confavreux in Washington.

A senior US official said even if their approaches were “not identical,” they should be at least “speaking from a common script.”

Suitcase murder suspect appears in New Zealand court

A 42-year-old mother extradited from South Korea appeared in a New Zealand court for the first time on Wednesday, facing murder charges after the remains of her two children were found in suitcases in Auckland.

Wearing a beige jacket and black T-shirt, the woman appeared briefly at Manukau District Court, south Auckland, a day after landing in the country.

Court suppression orders bar the media from naming the woman or her deceased children. But Judge Gus Andrée Wiltens allowed reporting of the fact that she is their mother.

The suspect, who faces two counts of murder, was remanded in custody without making a plea until her next appearance at Auckland High Court on December 14.

Through an interpreter, she asked to address the judge, but her own lawyer stepped in saying: “I think it would be best if perhaps she didn’t.” 

The judge agreed and the defendant was led out of court.

The hearing took place less than 24 hours after the defendant flew into Auckland airport under police escort after being extradited from South Korea.

She was arrested by Korean police in the port city of Ulsan in September, a month after New Zealand police discovered the remains of her two children, aged between five and 10.

At the time of her arrest, the suspect repeatedly told reporters: “I didn’t do it” as she was led into a police vehicle.

The children’s bodies were found after an unsuspecting family bought the suitcases at an online auction of abandoned goods.

New Zealand police have said the bodies were likely in storage for several years, which had complicated the investigation.

Authorities have stressed that the family who found the bodies were not connected to the homicides and have been given counselling to help deal with the trauma.

Hawaii volcano shoots lava fountains 200 feet high: USGS

Fountains of lava up to 200 feet (60 meters) high have been fired into the air from Hawaii’s Mauna Loa, geologists say, generating rivers of molten rock from the world’s largest active volcano.

Four fissures have now opened up on the mammoth mountain, which burst into life on Sunday for the first time in almost 40 years.

Vast clouds of steam and smoke were billowing into the sky from the volcano, which makes up half of Hawaii’s Big Island.

“Estimates of the tallest fountain heights are between 100–200 feet” but most are much smaller, the United States Geological Survey said in an update Monday.

“There is a visible gas plume from the erupting fissure fountains and lava flows, with the plume primarily being blown to the Northwest.”

Geologists say there is currently no risk to people and property below the eruption.

“The longest and largest lava flow is issuing from fissure three,” the USGS said Tuesday.

“This lava flow crossed the Mauna Loa Weather Observatory Road… and the flow front was located approximately six miles (10 kilometers) from Saddle Road (the main road at the foot of the northern flank).”

The lava fountain from the newest fissure was up to 33 feet high, the agency said.

Everything is currently contained in the Northeast Rift Zone, the USGS said, but warned Mauna Loa is a dynamic volcano.

“Additional fissures could open along the Northeast Rift Zone below the current location, and lava flows can continue to travel downslope.”

Pressure has been building at Mauna Loa for years, the USGS said, and the eruption — which lit up the night sky — could be seen 45 miles (72 kilometers) away, in the west coast town of Kona.

While lava is not presently a risk to populations, scientists have said winds could carry volcanic gas and fine ash downslope, as well as Pele’s Hair — fine strands of volcanic glass formed when lava skeins cool quickly in the air.

Named after Pele, the Hawaiian goddess of volcanoes, the strands can be very sharp and pose potential danger to skin and eyes.

– ‘Long Mountain’ –

Authorities in Hawaii have not issued any evacuation orders, although the summit area and several roads in the region were closed, and two shelters have been opened as a precaution.

The largest volcano on Earth by volume, Mauna Loa, whose name means “Long Mountain,” is larger than the rest of the Hawaiian islands combined.

The volcano’s submarine flanks stretch for miles to an ocean floor that is in turn depressed by Mauna Loa’s great mass — making its summit some 11 miles above its base, according to the USGS. 

One of six active volcanoes on the Hawaiian islands, Mauna Loa has erupted 33 times since 1843.

Its most recent eruption, in 1984, lasted 22 days and produced lava flows reached to within about four miles of Hilo.

Kilauea, a volcano on the southeastern flank of Mauna Loa, erupted almost continuously between 1983 and 2019, and a minor eruption there has been ongoing for months.

Global stocks mixed as markets monitor China, await Powell remarks

Stocks diverged Tuesday after big rallies in Asian markets failed to trigger a similar reaction in Europe and on Wall Street, as investors remained cautious before key US data and speeches this week.

Sentiment was boosted in Asia after China avoided another night of protests, following a weekend of unrest sparked by the country’s harsh anti-Covid policies.

The return of some calm helped Hong Kong stocks rally more than five percent and Shanghai more than two percent, with rumbling that the demonstrations could help push leaders to ease some of the strict containment measures. 

But Europe’s main stock markets were mixed at the end of the day’s trading, while two of the three major New York indices retreated.

US investors were in a cautious mood ahead of Wednesday’s appearance by Federal Reserve Chair Jerome Powell.

Powell’s address at the Brookings Institution comes as markets expect the central bank to soon moderate its policy of aggressive interest rate hikes to counter surging inflation.

Investors were “hesitant” Tuesday as they waited to see if Powell would indeed confirm such a shift, said LBBW’s Karl Haeling.

“Markets have a chance to trade higher tomorrow as long as he doesn’t deliver any surprise,” Haeling said.

Consumer confidence in the United States slipped for a second straight month in November, likely due to a rise in gas prices, according to a survey released by the Conference Board.

Meanwhile, the National Retail Federation estimated that 196.7 million Americans shopped in stores and online in the five-day stretch between last Thursday’s Thanksgiving and “Cyber Monday,” a better-than-expected result highlighting the resilience of US consumers despite elevated consumer prices.

In Europe, German inflation unexpectedly slowed in November to 10 percent from a record high of 10.4 percent in October, preliminary data showed Tuesday.

Economists however cautioned against assuming inflation was now on a downhill path as households will likely face higher energy costs from January.

“Investors will need to be made of stern stuff going into the new year,” Danni Hewson, AJ Bell financial analyst, said in a note.

“Volatility has been a hallmark of 2022 and the word looks set to remain an analyst favorite into the New Year and beyond.”

This week’s calendar also includes Friday’s release of key US jobs data, which could influence the central bank’s plans for monetary policy.

– Key figures around 2130 GMT –

New York – Dow: FLAT at 33,852.53 (close)

New York – S&P 500: DOWN 0.2 percent at 3,957.63 (close)

New York – Nasdaq: DOWN 0.6 percent at 10,983.78 (close)

London – FTSE 100: UP 0.5 percent at 7,512.00 (close)

Frankfurt – DAX: DOWN 0.2 percent at 14,355.45 (close)

Paris – CAC 40: UP 0.1 percent at 6,668.97 (close)

EURO STOXX 50: FLAT at 3,934.44 (close)

Tokyo – Nikkei 225: DOWN 0.5 percent at 28,027.84 (close)

Hong Kong – Hang Seng Index: UP 5.2 percent at 18,204.68 (close)

Shanghai – Composite: UP 2.3 percent at 3,149.75 (close)

Brent North Sea crude: DOWN 0.2 percent at $83.03 per barrel

West Texas Intermediate: UP 1.2 percent at $78.20 per barrel

Euro/dollar: DOWN at $1.0332 from $1.0340 on Monday

Dollar/yen: DOWN at 138.67 yen from 138.95 yen

Pound/dollar: DOWN at $1.1952 from $1.1959

Euro/pound: DOWN at 86.42 pence from 86.45 pence

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